Home Loan Tax Benefits (2026): 80C, Section 24(b) & 80EEA Limits Explained
Home loan tax benefits explained: Rs 2 lakh interest under Section 24(b), Rs 1.5 lakh principal under 80C, 80EEA rules, joint loans and old vs new regime.
Home loan tax benefits explained: Rs 2 lakh interest under Section 24(b), Rs 1.5 lakh principal under 80C, 80EEA rules, joint loans and old vs new regime.
Form 26AS vs AIS vs TIS explained: what each statement shows, how to download them from incometax.gov.in, and how to fix mismatches before filing your ITR.
File ITR with Form 16 step by step: read Parts A and B, match TDS with Form 26AS, pick ITR-1 or ITR-2, and e-verify within 30 days.
NRI income tax explained: who counts as an NRI, 2026 slabs, TDS on property sale and rent, DTAA relief, NRE/NRO rules, and which ITR form to file.
HRA exemption is the smallest of three amounts — HRA received, rent minus 10% of salary, and 50% or 40% of salary by city. Worked examples, the 8-city list from FY 2026-27, and old-regime rules explained simply.
Input tax credit (ITC) in GST explained: Section 16 claim conditions, GSTR-3B steps, blocked credits under Section 17(5), and the 30 November deadline for FY 2025-26 invoices.
GST registration guide: thresholds, documents, REG-01 online steps, and the 3-day fast track for small businesses.
Crypto tax India: 30% flat tax on VDA gains, 1% TDS, no loss set-off, and Schedule VDA filing. Rates, worked examples, swaps, gifts and ITR steps explained.
ITR-U updated return: file missed income within 48 months of the assessment year ending, with 25-70% additional tax under Section 140B. Last dates, who can file, and when it is barred.
Diwali gifts from parents, siblings and in-laws are fully tax-free with no limit. Gifts from friends and cousins are tax-free only up to Rs 50,000 a year — cross it, and the whole amount is taxable. Here is how the rule works, with examples.