Now you can’t declare house rental income as business income to save tax: Budget 2024 plugs tax avoidance loophole

Union Budget 2024 House Rental Income: Now you can't save tax from rental income of residential house property. You have to mandatorily declare it under the house property heads of income. The loophole to save income tax from rental income of house property has been plugged in by the government in Budget 2024.