TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Amendment to Finance Act: Income from Letting Residential Property to be Taxed as 'Income from House Property' from 2025.</h1> In the Finance (No. 2) Act, 2024, an amendment has been made to section 28 of the Income-tax Act. Effective from April 1, 2025, a new Explanation 3 is added, clarifying that income derived from letting out a residential house or part thereof by the owner will not be taxed under 'Profits and gains of business or profession.' Instead, it will be taxed under 'Income from house property.'
TaxTMI 
TaxTMI 
