Income tax bill 2025 changes: Commuted pension, house property income, nil TDS, and other changes, you should knowThe revised Income Tax Bill 2025, approved by the Lok Sabha, addresses drafting errors from the previous version, set to take effect on Apr...
14 Aug, 2025, 12.41 PM IST
Did these errors in New Income Tax Bill, 2025 force withdrawal of the Bill today? Updated version to be introduced on Monday, August 11, 2025The Central government withdrew the Income-Tax Bill, 2025, on August 8, 2025, which was initially introduced to replace the Income-Tax Act,...
09 Aug, 2025, 08.42 AM IST
No more higher tax on vacant property as recommended in New Income Tax Bill 2025 due to suggestions by select committeeThe Lok Sabha's Select Committee identified drafting issues in Clause 21 of the Income Tax Bill 2025, concerning the annual value of reside...
07 Aug, 2025, 12.18 PM IST
How is income from house property calculated in the new tax regime?If you are thinking of opting for the new tax regime and have a income from house property, then there was certain things that you need to ...
13 Jul, 2023, 04.00 PM IST
How to calculate deemed rental income from vacant house propertiesIf someone has more than two house properties and the additional properties are vacant, then the provisions of deemed rental will apply on ...
04 Jul, 2023, 11.42 AM IST
Affordable housing projects should be exempted from tax to solve problem of vacant housing: ReportWith Ahmedabad as a case study, the report by Anant University on ‘Paradox of Vacant Houses in India’, said the phenomenon of keeping the h...
12 Jan, 2021, 09.08 PM IST
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...
27 Feb, 2019, 10.12 AM IST
Around 40% property owners in Bengaluru don't pay taxWhile the civic body’s GIS-enabled property tax information system has identified 19 lakh properties in its limits, only 11.5 lakh properti...
10 Jan, 2019, 01.33 PM IST
Will demonetisation reduce demand for rented properties?With buying becoming an attractive option, those having a second house may find it difficult to find a tenant or may earn lower rentals.
13 Dec, 2016, 10.12 AM IST
Task Force to reconcile DDA properties by Nov 17Union Urban Development Ministry has constituted a Task Force comprising senior officials of Delhi Development Authority (DDA) and the thre...
10 Nov, 2015, 06.51 PM IST
Government plans tax benefits for house owners, tenantsThe report also mentions that the Income Tax Act provides exemption of tax deduction for house rent allowance (HRA) for an employee, which ...
10 Nov, 2015, 11.40 AM IST
How does tax work if you have more than one property?It is important for an individual, who is planning to buy a second home, to understand the tax implications under the Income-Tax Act 1961.
30 Apr, 2013, 01.29 PM IST
Government plans tax on vacant land to check hoardingThe government is considering a 'vacant land tax' to check largescale hoarding of land and to generate resources to revamp crumbling urban ...
06 Apr, 2012, 08.58 AM IST
- Why not to buy a second house
The tax on notional rent and wealth tax on vacant property make a second house tax-inefficient. Commercial property is a better way to inve...
21 Mar, 2011, 03.39 AM IST
- Union Budget 2010: Commercial rentals to jump 10% with service tax
Rentals of commercial properties are expected to rise by 10 per cent after the Budget proposed to bring all lease agreement of shopping com...
26 Feb, 2010, 10.35 PM IST
- Properties vacant for a year entitled to vacancy allowance
The Income-Tax Appellate Tribunal (ITAT) Mumbai has ruled that a property which has remained vacant for a year is entitled to vacancy allow...
05 Jun, 2008, 07.18 AM IST
- Tax concessions from a vacant house
Rising rates and EMIs apart, there are ways to leverage tax concessions on house properties lying vacant. Going for a home loan? Be cautiou...
29 Nov, 2007, 03.52 PM IST