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of <h1>Clause 22 of Income Tax Bill, 2025, revises Sections 24 and 25 for clearer deductions, extended timelines, and compliance.</h1> The Income Tax Bill, 2025, through Clause 22, aims to overhaul the current Sections 24 and 25 of the Income Tax Act, 1961, concerning deductions from house property income. It consolidates provisions, introduces clearer subsections, and retains the 30% standard deduction and Rs. 2 lakh interest deduction limit. Notable changes include specific interest certificate requirements and an extended five-year construction completion timeline. The Bill also modifies foreign interest payment provisions, enhancing clarity for taxpayers and tax administration. Overall, Clause 22 improves legislative clarity, structural organization, and compliance requirements, reducing interpretation disputes.
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