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Asked by Rashmi on :Feb. 05, 2019

Are there any changes made by interim budget on i…

Are there any changes made by interim budget on income from house property?

Are there any changes made by interim budget on income from house property?

0

Jeeba Feb. 05, 2019

Yes.

This budget has given a relief on income from house property. Earlier, if a person has two residential property notional income form one house profperty is taxable.

This budget has propesed to amend this provision. From this year onward, if you have two residential self-occupied properties, you do not have to pay tax. It means that two self-occupied house properties will be considered for exemption.

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