Finance Minister Nirmala Sitharaman on Saturday, February 1, relaxed the conditions for tax relief on a second self-occupied house. Previously, only one property could be valued as Nil, meaning it was exempt from tax, while the second property was taxed based on its market value. The new proposal allows both properties to be valued as Nil, […]
All you need to know about the tax treatment on rental income – CNBC TV18
Rental income from property is a relatively common source of income in India and it falls within the brackets of taxable income. The rental income is considered taxable under the category ‘Income from House Property’. As property owners in India, it is essential to understand how to optimise tax benefits and claim deductions to significantly […]