FM Nirmala Sitharaman sets second home tax worries at rest
Budget 2025 amends Section 23 of the Income Tax Act, allowing taxpayers to claim the annual value of up to two self-occupied properties as nil, without any condition. This simplification applies if the properties are used for the owner's residence or cannot be occupied due to employment, with the provision for two house properties remaining unchanged.
Budget 2025 amends Section 23 of the Income Tax Act, allowing taxpayers to claim the annual value of up to two self-occupied properties as nil, without any condition. This simplification applies if the properties are used for the owner's residence or cannot be occupied due to employment, with the provision for two house properties remaining unchanged.
