I’m salaried and have income of 2.5 lakhs/year + I started receiving a rent of 4 lakhs per year, so how much expense can I show from my rented place so as to save all tax, currently I’m not paying any tax for my 2.5 lakh income? OR What are the expenses I can show from my rented property so as to save optimum tax?
I want to know more about tax and other charges for receiving goods (like bathroom wares) from UK to India.
Thanks in advance!
the death claims from various insurance companies like LIC, Mutual funds etc.,Now whether the receipts attract tax as a income or not and how to manage the same. Also the mutual fund SIP plan also getting transferred what advice pl.