Essayer OR - Gratuit
Claim deductions on rental income in new tax regime
Financial Express Delhi
|November 01, 2025
YOUR QUERIES: INCOME TAX
-
• In the new tax regime, I do not have to show any deduction. But I get rental income. Can I claim 30% deduction on rental value? —Subash Giri
Under the new tax regime i.e., Section 115BAC of the Act, an individual can continue to claim the standard deduction of 30% on the net annual value of a rented property while computing income under the head “Income from House Property". Notably, house tax (municipal taxes actually paid) is also deductible from gross rent, irrespective of tax regime. In other words, no further deductions (such as interest on home loan under section 24(b)) are available in the new regime unless for let-out property, subject to specified limits.
• How should I report loss from derivatives trading and set it off from gains in the cash segment? —Amit Jaiswal
Cette histoire est tirée de l'édition November 01, 2025 de Financial Express Delhi.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Financial Express Delhi
Financial Express Delhi
Pak airstrike kills 400 in Kabul rehab centre
MORE THAN 400 people were killed and 265 wounded in an airstrike by Pakistan on a drug rehabilitation centre in Kabul, a spokesman of the Afghan Taliban government said on Tuesday, a sharp escalation in the conflict between the neighbours.
1 mins
March 18, 2026
Financial Express Delhi
Sarvam, Mistral AI join Nvidia open AI coalition
NVIDIA HAS ANNOUNCED a global collaboration of AI developers and open model builders, bringing together companies, including Sarvam AI, to advance frontier open artificial intelligence models through shared research, data and computing resources.
1 min
March 18, 2026
Financial Express Delhi
More ministries may get power to block social media content
THE CENTRE MAY soon allow the ministries of home affairs, external affairs, defence, and information and broadcasting to issue content blocking orders to social media platforms under Section 69 (A) of the Information Technology (IT) Act, 2000, a power currently only available to the IT ministry.
2 mins
March 18, 2026
Financial Express Delhi
Panel seeks hike in ESIC wage ceiling
EXPEDITING REVISION
2 mins
March 18, 2026
Financial Express Delhi
Private credit is entering its musical chairs phase
EVERY FINANCIAL CRISIS has a moment—usually identified only in retrospect—when an obscure product intended to mitigate risk spreads through what author Rick Bookstaber called “tightly coupled” interconnections to cause widespread damage.
3 mins
March 18, 2026
Financial Express Delhi
Slowdown in affordable housing has not impacted Aadhar, says MD
DISMISSING CONCERNS OVER a slowdown in affordable housing, Aadhar Housing Finance Managing Director Rishi
2 mins
March 18, 2026
Financial Express Delhi
'Digital economy to account for 20% of GDP by 2030'
INDIA'S DIGITAL ECONOMY is projected to account for nearly 20% of the country's gross domestic product (GDP) by 2030, driven by a growth rate that is double that of the broader economy, a senior government official said on Tuesday.
1 min
March 18, 2026
Financial Express Delhi
Air India restores Boeing 777-300 ER
AIR INDIA HAS revived its last grounded Boeing 777-300ER, completing a major restoration programme on aircraft VT-ALL as the airline prepares to phase out its remaining Boeing 777-200LRaircraft.
1 min
March 18, 2026
Financial Express Delhi
Saudi rerouting 16 mn barrels of crude to India via Red Sea
SAUDI ARABIA HAS begun rerouting crude shipments to ndia via its Red Sea export hub at Yanbu as disruptions in the Strait of Hormuz
1 min
March 18, 2026
Financial Express Delhi
Domestic cooking gas production ramped up to secure supplies: FM
FINANCE MINISTER NIRMALA
1 mins
March 18, 2026
Listen
Translate
Change font size