HOW TO CLAIM FULL INTEREST BENEFIT ON HOUSE PROPERTY

Here is a comparison of Section 24 and Section 48 of the Income Tax Act: 1. Section 24 – Deductions from Income from House Property Applicability: This section applies to individuals earning income from house property. Purpose: It allows certain deductions while computing the taxable income under the head “Income from House Property.” Key Deductions: […]
Understanding Dividend Distribution Tax

Dividend Distribution Tax (DDT) is a tax levied by the Indian government on dividends, which a company pays its shareholders out of its profits. It is a form of tax paid by the company distributing the dividend, not by the shareholder receiving it. DDT is levied at a fixed rate, currently set at 15% (plus […]