which research design help to the tax planning regarding purchase of house property
Answers
I hope it helps you
Explanation:
The direct tax proposals of budget 2014 have been tax friendly. It is also worth noting that budget proposals have received the assent of President and now it is law of land under Indian Income Tax Act. It provides for tax advantage in the form of increased basic exemption limit for individuals by Rs.50K.
House Property is one of the important source for tax planning under Income tax Act. Even we can observed that recently since last 2-3 years Government has also introduced various benefits related to house property investment so that tax payer tents to think for investing into house property and every Indian has his own dream house one day!
In today’s article we will discuss some Income tax provisions related to house property which can be used for saving tax in the hand of tax payer.