Budget 2025 amends Section 23 of the Income Tax Act, allowing taxpayers to claim the annual value of up to two self-occupied properties as nil, without any condition. This simplification applies if the properties are used for the owner’s residence or cannot be occupied due to employment, with the provision for two house properties remaining unchanged.
FM Nirmala Sitharaman sets second home tax worries at rest

Categories:
Related Post

Kho Kho World Cup: Indian men’s team crowned championKho Kho World Cup: Indian men’s team crowned champion
The Indian men’s team secured the inaugural Kho Kho World Cup title by defeating Nepal 54-36. This victory, led by captain Pratik Waikar and star player Ramji Kashyap, followed the

WI captain Kraigg Brathwaite breaks Gary Sobers’s recordWI captain Kraigg Brathwaite breaks Gary Sobers’s record
Kraigg Brathwaite has set a new record in West Indies Test cricket by making his 86th consecutive appearance, surpassing legendary Gary Sobers’ record of 85 Tests. Brathwaite emphasizes the significance

J&K polls: Jammu stirs poll pot in remote hamlets under terror’s shadowJ&K polls: Jammu stirs poll pot in remote hamlets under terror’s shadow
As Jammu gears up for assembly elections after a ten-year gap, residents are eager to vote amid ongoing terrorism threats and local issues. Remote villages are hosting political meetings where