Income Tax : Article explains provisions related to income from house property, calculation of such income, exemptions available, and applicabl...
Income Tax : Budget 2025 has brought significant simplification in the tax treatment of house properties, particularly for self-occupied proper...
Income Tax : Learn how to achieve tax-free rental income of ₹20,00,000 by leveraging deductions under Section 24 of the Income Tax Act, 1961,...
Income Tax : The Finance Bill 2025 proposes simplifying the annual value determination of self-occupied property, effective from April 2025, fo...
Income Tax : The Finance Bill 2025 simplifies taxation for self-occupied properties by relaxing conditions for determining annual value as nil,...
Income Tax : From April 1, 2025, rental income from house properties must be reported under "Income from House Property," not as business incom...
Income Tax : While presenting interim Budget 2019-20 FM proposed to exempt the levy of income tax on notional rent on a second self-occupied ho...
Income Tax : Tax on rental income - The rental income is added to the taxable income and tax liability is based on the tax slabs. Up to 30 perc...
Income Tax : Delhi High Court upholds constitutional validity of Sec. 71(3A) of Income Tax Act, limiting set-off amount but not eliminating ded...
Income Tax : Analysis of ITAT Ahmedabad's decision in Mansha Textiles vs ITO case. ITAT allows interest deduction u/s 24(b) when income is rece...
Income Tax : ITAT Mumbai's decision in Shyamnarayan Trades Pvt Ltd vs ITO clarifies deductibility of interest on property loans, addressing loa...
Income Tax : ITAT Ahmedabad held that assessee was engaged in business of leasing out its house properties to earn rent, income so earned as re...
Income Tax : ITAT Pune in Pride Purple Properties, quashed retrospective determination of annual letting value of un-sold residential units. IT...
Article explains provisions related to income from house property, calculation of such income, exemptions available, and applicable tax rates under Income Tax Act.
Budget 2025 has brought significant simplification in the tax treatment of house properties, particularly for self-occupied properties. Earlier, if you owned more than one house, certain restrictions applied regarding how they were taxed, which often resulted in unnecessary tax liability. However, these have now been relaxed, bringing much-needed relief to homeowners.
Learn how to achieve tax-free rental income of ₹20,00,000 by leveraging deductions under Section 24 of the Income Tax Act, 1961, and understanding the latest provisions from the Union Budget 2025.
The Finance Bill 2025 proposes simplifying the annual value determination of self-occupied property, effective from April 2025, for assessment year 2025-26.
The Finance Bill 2025 simplifies taxation for self-occupied properties by relaxing conditions for determining annual value as nil, effective from AY 2025-26.
Explore how rental income is taxed under Income from House Property. Learn about deductions, NAV calculation, and rules for pre- and post-construction interest.
Explore HRA exemptions and home loan deductions under old tax regime to minimize tax liability effectively. Learn to claim both benefits wisely.
Learn how to compute income from house property with deductions under Section 22, 24, and 80EEA. Understand gross annual value, municipal taxes, standard deduction, and interest on borrowed capital. Find out about co-owners and deemed owners in this comprehensive guide.
Rental income from sub-letting is taxed as “Income from other sources,” not “Income from house property.” Deemed ownership rules apply to non-registered property owners.
From April 1, 2025, rental income from house properties must be reported under “Income from House Property,” not as business income.
