
Financewithmeghabung
February 4, 2025 at 12:16 PM
🚨Tax Relief for Homeowners!
Finance Minister Nirmala Sitharaman announced that homeowners with two self-occupied properties can now claim nil tax on both properties without any conditions.
BEFORE— Homeowners could claim only one self-occupied property as tax-free. If a homeowner had a second self-occupied property, they had to pay tax on the deemed rental income, even if they didn't receive any rent.
NOW– Homeowners can now claim two self-occupied properties as tax-free. Homeowners don't have to pay tax on deemed rental income for the second property.
This means:
- You'll pay less taxes.
- You'll save more money.
- You can use the saved money by investing in other assets.
This is great news for homeowners!
Stay tuned.
❤️
👍
4