Latest version of new tax bill, 2025 clarifies two key laws on income from house property

The New Tax Bill 2025 clarifies rules for house property income. It focuses on standard deductions and pre-construction interest on home loans. A Lok Sabha Committee suggests changes for fairness. These changes affect homeowners who rent out their properties. The new bill aims to align with existing tax laws. It ensures clarity on deductions for municipal taxes and interest payments.