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Reporting of income from letting out of house property under ‘Income from House Property’ (WIDENING AND DEEPENING OF TAX BASE AND ANTI-AVOIDANCE)

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....l, 2024 Finance Bill<br>Bill <br>News<br>Dated:- 24-7-2024<br>Union Budget 2024-25 (Full) + FINANCE (No.2) Bill, 2024 Section 28 of the Act specifies kinds of income that shall be chargeable to inco....

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....ncome under the wrong head of income. 3. In view of the same, it is proposed to amend the section 28 of the Act so as to clarify that any income from letting out of a residential house or a part of t....

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