the exemption under Section 54 by mentioning the purchase of the new flat in May. The exemption under Section 54 applies irrespective of the financial year, as long as the reinvestment conditions are met, and the amount is reinvested before the due date of filing income tax return for the year of sale.
Saurabh Kumar
Yes, you can claim both House Rent Allowance (HRA) exemption and tax deduction on home loan interest, provided the flat you purchased is not in the city where you are currently residing and working, and you are currently residing in a rented house in the city of your work.
Denne historien er fra January 04, 2025-utgaven av Financial Express Ahmedabad.
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Denne historien er fra January 04, 2025-utgaven av Financial Express Ahmedabad.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Golden Globes: The Brutalist, Emilia Perez Grab Top Honors
More students likely getting jobs independently
Top IITs See a Drop in Campus Placements
● More students likely getting jobs independently
US set to lift curbs on Indian nuclear entities
EYEING DEEPER ENERGY TIES
ICC explores two-tier Test cricket system
ICC chief Jay Shah will meet Cricket Australia chair Mike Baird and his England counterpart Richard Thompson to discuss the finer points
Q-comm boost to gig worker hiring in 2025
THE HIRING BOOM will be driven by the expansion of dark stores, fuelled by new entrants and increased investments from established players.
D-Street catches flu
HEADWINDS FOR MARKETS at the start of the year include higher US 10-year yields and a stronger dollar, the potential imposition of additional US tariffs on Asia-Pacific economies, and elevated economic policy uncertainty and geopolitical risk, Goldman Sachs strategists said in a note while trimming the MSCI Asia Pacific ex-Japan index's target to 620 from 630, as per a Bloomberg report.
Eight jawans among 9 killed in Naxal attack
VEHICLE BLAST IN CHHATTISGARH
Banks, NBFCs see hit to...
THESE SUBSIDIARIES THEN use the data to approach the customer and offer products and services such as insurance, mutual funds, demat accounts and other related financial solutions.
Cautious outlook for auto companies in Q3
No segment shows growth except tractors
Banks: Slower loan growth a worry
Asset quality concerns ease
