Guides on House Property taxation
The co-owners of a property can jointly claim tax benefits u/s 80C, 24(b), 54EC and 54F regarding home loans and capital gains on the sale of the property. Besides tax saving, there are several other advantages too which is explained in this guide by H&R Block India.
The rental income and short-term and long-term capital gains on the sale of property by NRI are liable to tax. They are eligible to certain exemptions like section 54, 54EC and 80C. This guide by H&R Block India explains the same.
Understand how to pay tds on sale of property by filing 26qb form. In this guide H&R Block has listed out the important things one should consider while selling their immovable property in India.
Know how income from house property is calculated for tax deduction. Also learn about tax deductions under section 24 in this complete guide by H&R Block.