Denemek ALTIN - Özgür
Claim deductions on rental income in new tax regime
Financial Express Hyderabad
|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
Bu hikaye Financial Express Hyderabad dergisinin November 01, 2025 baskısından alınmıştır.
Binlerce özenle seçilmiş premium hikayeye ve 9.000'den fazla dergi ve gazeteye erişmek için Magzter GOLD'a abone olun.
Zaten abone misiniz? Oturum aç
Financial Express Hyderabad'den DAHA FAZLA HİKAYE
Financial Express Hyderabad
US, China trade chiefs to meet mid-March before Trump-Xi summit
US AND CHINESE trade negotiators are slated to meet in mid-March, according to people familiar with the matter, signaling a planned summit between Donald Trump and Xi Jinping is pushing ahead despite American strikes against Iran.
1 min
March 04, 2026
Financial Express Hyderabad
US embassy hit as conflict flares
• US, Israel, Iran ramp up strikes on Day 4 of war • Israel orders ground troops into Lebanon • Iran president office & Unesco site targeted • Will set ablaze ships on Strait of Hormuz: Iran
1 min
March 04, 2026
Financial Express Hyderabad
Ministries huddle to assess fallout from escalating crisis
Officials remain hopeful that the conflict will be short-lived
1 mins
March 04, 2026
Financial Express Hyderabad
Average balance in Jan Dhan accounts hits record ₹5,100
CASH IN NO-FRILLS Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts across the country reached %2.95 lakh crore as of February 18, 2026, translating into an average balance of $5,110 per account.
1 min
March 04, 2026
Financial Express Hyderabad
Evacuation gets wings as fear lingers
5,000 Indians finally fly home, 650 still stranded
2 mins
March 04, 2026
Financial Express Hyderabad
Wall Street crumbles over 2%
WALL STREET'S MAIN indices fell more than 2% on Tuesday, with the S&P 500 hitting its lowest in over two months, as the war in West Asia raged with no end in sight.
1 min
March 04, 2026
Financial Express Hyderabad
OpenAI to amend Pentagon deal
Deal looked ‘sloppy’, says CEO Altman
2 mins
March 04, 2026
Financial Express Hyderabad
India's risks in the Iran conflict go way beyond oil
PAST CONFLICTS IN West Asia typically hit India at the gas station.
3 mins
March 04, 2026
Financial Express Hyderabad
Industry flags inverted duty on capital goods
ELECTRONICS MANUFACTURERS ON Tuesday sought targeted policy refinements, including duty rationalisation and relief on bonded warehousing provisions, at a post-Budget consultation with the ministry of electronics and information technology (MeitY) on the ₹40,000-crore expansion of the Electronics Components Manufacturing Scheme (ECMS).
1 min
March 04, 2026
Financial Express Hyderabad
Full-blown conflict in West Asia
As it is the premier oil-rich region, the impact on prices obviously depend on how quickly the US-Israeli attacks on Iran end or whether there is a more prolonged escalation
3 mins
March 04, 2026
Listen
Translate
Change font size