ITR FILING: HOW TO CALCULATE NET ANNUAL VALUE FROM HOUSE PROPERTY AND DEDUCTIONS ALLOWED FROM RENTAL INCOME
ITR Filing: How to Calculate Net Annual Value from House Property and Deductions Allowed from Rental Income Introduction: Filing your income tax return (ITR) can be a complex process, especially when it comes to reporting income from house property. One crucial aspect is calculating the net annual value of your property, which determines the taxable income from rent. Additionally, understanding the deductions allowed from rental income is essential for optimizing your tax liability. In this […]