Notional Rent and Self-Occupied House Provisions under the Income Tax Act, 2025: 1. Introduction: The Income Tax Act, 2025 has retained and codified the provisions relating to notional rent on residential properties in a simplified and clear manner. 2. Annual Value: As per Sec 21(1) of the Act, the annual value of a house…
The post Notional Rent and Self-Occupied House Provisions under the Income Tax Act, 2025: appeared first on The Tax Talk.
