Clarification on Reporting Rental Income: New Tax Rules from April 2025

Last updated: 26 July 2024

Reporting of income from letting out of house property under 'Income from House Property' Section 28 of the Act specifies kinds of income that shall be chargeable to income-tax under the head 'Profits and gains of business or profession'. 2. It has been observed that some taxpayers are reporting t

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