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of <h1>Income Tax Bill 2025: Clause 23 Revises Section 25A, Simplifies Language on Arrears and Unrealised Rent Taxation</h1> The proposed Clause 23 of the Income Tax Bill, 2025, revises Section 25A of the Income-tax Act, 1961, concerning taxation of arrears and unrealised rent. Key changes include renaming the provision to remove 'Special,' aligning terminology from 'financial year' to 'tax year,' and simplifying language for clarity. The structure remains with three subsections addressing charging, income inclusion, and deductions. The clause retains the treatment of arrears and unrealised rent as house property income, taxable upon receipt, with a 30% standard deduction. The refinements aim for clearer understanding and administration without altering core taxation principles.
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