Is rental income from sub-letting chargeable to tax under the head “Income from house property”? ​Rental income in the hands of owner is charged to tax under the head “Income from house property”. Rental income of a person other than the owner cannot be charged to tax under the head “Income from house property”.… Read More Income from house property

  What is considered as salary income? section 17 of the Income-tax Act defines the term ‘salary’. However, not going into the technical definition, generally whatever is received by an employee from an employer in cash, kind or as a facility [perquisite] is considered as salary. What are allowances? Are all allowances taxable?| What are… Read More Salary Income