To support property owners, the government provides various tax benefits on let-out properties, which can be used by the ...
Lawmakers from Pennsylvania to Indiana and beyond are all seeking to eliminate property taxes, which some call the government ...
As Tax Day nears, fiscally conservative leaders in several states are pushing to abolish property taxes, with one Pennsylvania lawmaker arguing that homeowners shouldn’t have to “pay rent ...
The reduction in TDS on rent from 5% to 2% is a welcome relief, but it has also led to confusion regarding its applicability. To avoid errors, taxpayers must ensure they deduct TDS @ 2% for the entire ...
The Augusta rule allows homeowners to rent out their primary residence for up to 14 days per year without paying federal taxes on the rental income. Originally created for Augusta, Georgia ...
Today, we’ll dig into some of the most effective tax-saving strategies for rental property owners that can help you keep more money in your pocket.
Salaried taxpayers claiming HRA exemption in their ITR must provide their landlord’s PAN if annual rent exceeds Rs 1 lakh.