moneycontrol.com-Union budget allowing to declare two houses as 'self-occupied' is a big tax relief, will boost rental housing, say experts
Real Estate experts said that Union budget allowing homeowners to declare two houses as "self-occupied" property is the biggest tax relief and it will give further impetus to rental housing.
Union finance minister Nirmala Sitharaman announced in the Union Budget for 2025-26 that the threshold for tax-deducted at source (TDS) for income tax for rental income has been increased to Rs 6 lakh per year from the present Rs 2.40 lakh. The measure may come as a relief for those who own second homes and receive rental income on them, especially investor-owners, and can open up new rental housing.
