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How to calculate deemed rental income from vacant house properties

If someone has more than two house properties and the additional properties are vacant, then the provisions of deemed rental will apply on those additional vacant properties. Read on to find out how this deemed rent is calculated and what are the things you should know. ....

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house: How is income from self-occupied house property calculated?

According to the Income Tax Act, 1961 a homeowner can show in his/her income tax return (ITR) up to two houses as self-occupied. Read below to find out how is income from self-occupied house properties calculated. ....

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Income Tax Return: When to file ITR if Form 16, 26AS & AIS do not reconcile?

It is advisable to file your ITR after all the TDS details have been accurately reported by the deductor and updated in Form 26AS ....

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Income Tax Return: My TDS details are not matching in Form 16, 26AS and AIS. What should I do at the time of filing an ITR?

These mismatches can happen for a variety of reasons like errors in filing, delayed reporting, multiple deductors, etc. It is important for taxpayers to address these issues at the earliest ....

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Here's what can happen if you choose wrong ITR form

It is vital to be aware of the potential outcomes and ensure accurate filing to meet tax regulations effectively.
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