Key Changes in Salary/House Property Provisions: Income Tax Bill 2025
Income Tax Bill 2025 aims to simplify tax compliance by restructuring the chapters on salaries and house property, reducing redundancies and clarifying key terminologies.
Tag: House Property
ICAI’s Handbook on FAQ’s on Income from House Property
ICAI has released the Handbook on FAQ's on Income from House Property under Income-tax Act, 1961 (February 2023), to comply with the provisions and procedures in a more objective …
Second Self-occupied House Property Exempted from Deemed Rental Income
Taxability of deemed rental income, on account of notional rent of second self-occupied house property, has been exempted from tax liability, under Section 23 of the Income Tax Act, …