TMI BlogIncome from letting out residential house property by owner to be taxed under head 'Income from house...Income from letting out residential house property by owner to be taxed under head 'Income from house property', not 'Profits and gains of business or profession'. Amendment to section 28 of Income-tax Act to clarify this, effective from assessment year 2025-26. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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