Income Tax Budget 2024: Now you can’t show rental income under ’gains of business’ head to evade tax. Why it matters
Your income from letting out of a house or part of your house will henceforth not be charged under the head ‘profits and gains of business or profession’. Instead, it will be chargeable only under the head ‘income from house property’. The government announced this change in tax regulation in the Union Budget 2024. It … Read more