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.
Related Posts
Economy slowdown seasonal, need private capex: SBI chief
SBI Chairman C S Setty aims to leverage technology for quality service, emphasizing digital growth despite the bank’s historic roots. The focus is on strengthening […]
High-speed 280 kmph trains soon! Indian Railways to manufacture bullet trains – check top features
Indian Railways is embarking on a ‘Make in India’ initiative to produce high-speed trains reaching 280 kmph, in partnership with BEML. These trains, estimated at […]