How to claim loss from house property and reduce your tax burden:...

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2025-03-17 05:25:41 - Translate -

How to claim loss from house property and reduce your tax burden: Key insights

People own fixed or immovable assets such as houses and commercial properties for investment. These also generate profit and loss, which they can report under the Indian Income Tax Act. It is calculated under the heading ‘House Property.’ The loss can be adjusted against other income generated. House property is the taxpayer’s income from fixed assets,...

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