2min chapter

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[Podcast] Here’s why taxes impact your investing decisions

Capitalmind Podcast

CHAPTER

The Tax Benefits of Renting a Property

The only positive that they have given renters is this let us say you buy a property and rent it out the renters themselves get an HRA tax exemption which is reasonable because you can structure your tax so that you know this thing is good. But to the guy who is renting a property they get 30% off of all the rent they have received by saying the 30% was my expenses against the property without having to give any receipts or proof that you have actually spent the 30%. So there's nothing else in the income tax act now there is something for businesses but I don't want to go into detail about them.

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