How Foreign Stocks Are Declared in Indian Income Tax Returns (ITR) As Indian investors increasingly diversify their portfolios by investing in global markets, it’s essential to understand how to correctly declare foreign stocks in your Income Tax Returns (ITR). If you’re a resident Indian holding foreign equity shares, the Income Tax Department mandates detailed reporting […]
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Updated: August 2025Author: Rakesh Kumar | Chartered Accountant | Tax & Finance Consultant Introduction: What is House Rent Allowance (HRA)? House Rent Allowance (HRA) is a component of salary paid by employers to employees to help meet the cost of rented accommodation. While it forms part of your salary, the Income Tax Act allows partial
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Understanding TDS on Rent Exceeding ₹50,000: What Every Tenant and Landlord Must Know (As per Section 194-IB) Are you paying a monthly rent of more than ₹50,000? Whether you’re a tenant or a landlord, it’s crucial to understand the Tax Deducted at Source (TDS) rules around rental payments—especially after recent updates in the Union Budget
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