The standard deduction under Section 24(b) of the Income Tax Act, 1961, allows individuals to
DEDUCTION UNDER SECTION24-
Deductions under Section 24 of the Income Tax Act, 1961 provide tax relief for expenses
COMPUTATION WITH THE HELP OF ILLUSTRATIONS
Computation of income tax involves calculating the taxable income of an individual or entity and
FIND OUT RENT ACTUALLY RECEVIED OR RECEVIABLE
The term “rent actually received or receivable” is used in the context of income tax
STANDARD RENT UNDER RENT CONTROL ACTS
Maharashtra: The Maharashtra Rent Control Act, 1999, defines the standard rent as the rent at