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Jane Street Faces Fresh Woes As I-T Department's Tax Evasion Probe Says Report

According to news agency ANI, the employees of the proprietary trading firm are not cooperating with Income Tax department officials. The report also cited sources who said that the company's servers are located outside India.

BY Outlook Money

No Provision Under Income Tax Laws To Claim Expenditure For Maintenance Of Self-Occupied House

Where the house property is let out or deemed to have been let out, then one-sixth of the rent received is allowed as deduction to cover cost of repair and maintenance of the property. File ITR and submit tax if you have already submitted Form 15G/H and later your income exceeds the non-taxable limit. A non-resident has to mandatorily file ITR if income exceeds the basic exemption threshold

Income Tax Laws For Maintenance Of Self-Occupied House

BY Balwant Jain

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