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Deductions from House Property Income

What is income from House Property?

  “Rent” of every type of building, whether the same has been rented for residential or commercial purposes, is offered to tax as ‘Income from House Property’. Did you know Mytaxreturns with its Expert team can assist you in filing your return?  Click here to know more. Properties are divided into two categories: a.             Self- … Continue reading “What is income from House Property?”

Guide to ITR Forms at Mytaxreturns.in

Guide to ITR Forms

Filing your income tax return can be confusing.  Specially when you can see several income tax return forms for different category of tax payers.  In this guide we have explained each income tax return in brief, so that you can avoid any mistakes while filing your return on your own. Did you know Mytaxreturns with … Continue reading “Guide to ITR Forms”

Find out if you are a resident, ordinary resident or a non-resident of India.

The Indian income tax law defines two category of Individuals for tax purposes namely, Resident and Non-Resident. Further the Resident category is classified into two parts i.e. Ordinary Resident and Not Ordinary Resident. Tax Residential status of an Individual applies on a year on year basis and therefore, each Individual should check the category he/ … Continue reading “Find out if you are a resident, ordinary resident or a non-resident of India.”

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