Financewithmeghabung
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.
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