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Budget 2019: Income tax on deemed rent from second house removed » Global Indian Solutions

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Budget 2019: Income tax on deemed rent from second house removed

    Global Indian Solutions > Budget > Budget 2019: Income tax on deemed rent from second house removed
February 26, 2019
Budget, Finance, General, News, NRI, SEBI

The interim finance minister abolished income tax on notional rent from the second self-occupied house, benefiting those with two houses but no outstanding loan on the second one. “Since most people don’t have housing loans running on their self-occupied second house, this will benefit them. The main advantage of this move is operational – it does away with disputes regarding the computation of notional rent,” said Suresh Surana, founder, RSM India.

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