Income Tax Bill, 2025: Key Changes for Vacant Property Owners
On Friday, Finance Minister Nirmala Sitharaman withdrew the Income Tax Bill, 2025, from the Lok Sabha to make crucial revisions. The original bill, meant to replace the Income-Tax Act of 1961, faced criticism for several drafting errors and ambiguous clauses, particularly concerning the taxation of vacant residential properties. The government plans to introduce an updated … Read more