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SELF OCCUPIED PROPERTY
Taurus Weekly Horoscope (15th June - 21st June 2026): Career Stability Strengthens While Financial Priorities Take Center StageTaurus Weekly Horoscope (15th June 2026 to 21st June 2026): This weekly horoscope indicates a constructive and practical week for Taurus na...
New income tax regime: Don’t miss out on these 3 key deductions that will reduce your taxable income & help save more taxMany taxpayers mistakenly believe the New Tax Regime offers no deductions. However, salaried employees and pensioners can claim a Rs 75,000...
LIC looks to improve return from real estates, to explore option of separate subsidiaryIn the recent past, he said LIC has initiated a comprehensive review of its real estate portfolio to assess the returns and yields it gener...
Your Rahu-Ketu Placement Reveals the Career You're Meant to PursueIn Vedic astrology, Rahu and Ketu are considered the karmic axis of destiny. While Ketu represents the talents, skills, and experiences you...
Buying vs renting a home: ₹1 crore home today or ₹6 crore corpus after 20 years - how the strategy of renting and investing may beat buying a house in IndiaBuying a home in Indian metros is an emotional decision, but financial realities are shifting. Renting and investing the difference between...
Planning to take home loan? 5 smart ways to maximise your benefitsThe amount you borrow should depend on your personal financial situation, including monthly expenses, existing liabilities, lifestyle needs...
Property tax overhaul in NDMC: What the new Unit Area System means for youThe New Delhi Municipal Council is adopting a new property tax system. This move to the Unit Area Method will bring fairness and predictabi...
Think your luxury house is an asset? CA warns and calls it a 'subscription fee to live'A chartered accountant challenges the notion that expensive homes are wealth-building assets. He argues that high recurring costs and signi...
Confused about income tax deduction on pre-EMI interest? Budget 2026 brings clarity on Rs 2 lakh home loan deductionBudget 2026 brings clarity on home loan tax deductions. Prior-period interest on home loans is now explicitly included within the Rs 2 lakh...
Income tax rules for house property simplified in Budget 2025: How it will benefit taxpayers with 2 housesThe simplification of rules will help taxpayers easily file their income tax returns without any calculation as they can claim the value of...
Annual value of 2 self-occupied properties will be treated as nil for taxation purposeThe government has announced that taxpayers can claim the annual value of up to two self-occupied properties as nil without any conditions ...
How to calculate income from house property for ITR filing?If an individual owns the house property, then it may happen that he/she has some income from that property. However, not many people under...
ITR filing: All you need to know about treatment of income from self-occupied propertyA house property is ‘self-occupied’ when the owner or family members use it for residential purpose. It could be termed ‘self-occupied’ eve...
What is the tax liability of buying a second house using a home loan?"Income from house property is taxable once the taxpayer gets possession of the property."
It won't be easy to claim 2 house properties as self-occupied for tax purposes: ViewAs per the new provision, if an assessee owns more than two houses, then he can claim the annual value of any of the two house properties a...
Does Budget 2019 make 2nd house mandatorily 'self-occupied'? Experts differThe question now arises that whether the second house of a taxpayer will be mandatorily treated as self-occupied or can still be treated as...
Pre and post-Budget 2019: How tax benefit changes for individuals with 2 home loansAt present, if you have more than one property for self-occupation, then only one of those, would be considered as self-occupied property f...
Budget 2019: Income tax on deemed rent from second house removedHome owners will no longer have to pay tax on notional rent for second occupied homes.
5 smart things to know about income from propertyIncome from property is taxable on the basis of annual value—the amount for which the property might be reasonably be expected to be let ou...
- Taxability of income from house property set to change
Some important concerns raised by various stakeholders on the DTC Bill, 2009, have been considered by the government and proposed changes i...