Income Tax Bill 2025: Key Changes for Home owners
New Income Tax Bill Clarifies House Property Deductions The revised Income Tax (No. 2) Bill, 2025, has introduced much-needed clarity for homeowners by aligning with current tax practices. The updates address two key areas under Clause 22, providing certainty for taxpayers. 1. Standard Deduction on Annual Value The Bill now specifies that a 30% standard … Read more