12-August-2025
Taxation
 
Latest version of new tax bill, 2025 clarifies two key laws on income from house property
12-Aug-2025

Clause 22 of the latest version of the New Income Tax Bill, 2025 has clarified two key laws relating to taxation of income from house property. The first clarification is regarding standard deduction of 30% from the annual value of a residential house property. The second clarification is about availability of tax deduction for pre-construction interest for home loan taken for construction of a house.

News Source:- https://economictimes.indiatimes.com/wealth/tax/latest-version-of-new-tax-bill-2025-clarifies-two-key-laws-on-income-from-house-property/articleshow/123234465.cms
 
 
 

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