FICCI, Assocham seek input tax credit under CGST on commercial properties meant for leasing purposes
The associations have written letters to the finance ministry and have urged the latter to permit availing of the ITC where ...
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Ask an Advisor: If I Survive My Spouse, Will I Get Full Basis Step-Up or Capital Gains Exemption on Our Home?What if a husband and wife own a home together that increases in value by $500,000. When one spouse dies and the other owns the property themselves, do they receive a step-up in basis? Or do they only ...
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Can You Write Off Your Home Insurance on Your Taxes?As tax season approaches, many homeowners find themselves sifting through receipts and financial documents, searching for ...
Under the tax rules, amounts received for damage to property, including property insurance payments, are treated as sales proceeds, but deferring the taxes is possible.
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