In a surprising move, the U.S. Senate just passed the “No Tax on Tips Act,” by a vote of 100-0; no senator on either side of ...

When claiming HRA, you must produce both the rent receipt and the rental agreement. You also need the landlord's PAN to file an ITR or claim HRA in the firm. This informs the Income Tax Department ...

This rule allows homeowners to rent out their primary residence for up to 14 days per year without having to report the rental income on their federal tax return. Originally designed to ...