my wife earns salary income 1,80,000+she earns some 2.25L from running a beauty parlour + she earned 15000 commission from a brokerage house. how to calculate income tax (if any) and Which Income Tax FORM to be used. She pays 1.56 lakh interest on housing loan and 70000 principal on housing loan, she earned 7.5 lakh as long term capital gain ( this is set off to 0 after indexation) on selling another house. Please Guide. urgent.
Menu
Income from salary and beauty parlour
Replies (3)
since she have income of moslty all heads. ITR 3 is suitable for her .
itr-3 should be file
thanks for valuable advice. While filling ITR 3, can we avail tax benefits of chaptor VI i.e rebate on housing loan principal and intrest paid.
Recent Topic
- Startup exit in Sept 2025: Can I still save LTCG t
- Need advice
- GST registration
- Tax Refund timeline
- Is Form 10E applicable for Notice Pay received in
- INCOME RECEIVED FROM COMPANY FOR ELECTRIC POLLS
- ITR Processing By CPC Now Super Fast - Much apprec
- Abroad Jobs
- Professional Income in 44AD
- Presumptive taxation
Related Topics
CAclubindia
