Who can claim benefits under section 54EC of the Income tax Act?

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  As a salaried person, you may be getting income in many forms. For the purpose of tax, the incomes that qualify as Salary are listed below: Salary: This is generally a monthly remuneration extended by the employer to the employee in exchange for the ...

• If my Income is taxed in India as well as abroad, can I claim relief from the double taxation?

  Yes, you can claim relief on income which is charged to tax both in India as well as abroad. Relief is either granted as per the provisions of double taxation avoidance agreement entered into with that country (if any) by the Government of India or ...

• Tax Relief

  You can claim the tax relief as per DTAA selected in foreign income. Section 90/ 90 A- DTAA is  applicable. You will get the full benefit of tax U/S 90/90A Section 91- DTAA is not applicable. You will have to pay tax in the country where you are ...

• The income received by me from my employer does not fit into any of the items specified in Section 15 and 17 of the IT Act. In that case, is my income still taxable as Salary income?

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• How is income from a house property as per the Income tax Act different from the ‘rental income’ received from house property?

  The rental income is received by a person against renting out of his property. The computation of income from house property is NOT solely dependent on this rental income. If you are not receiving rental income, it does not mean that the House ...