LatestIncome Tax 27 July 2026
ITR Filing 2026 Tax Updates
The Income Tax Act has provisions for reporting second homes under the new tax regime, where interest deduction on self-occupied houses is not available, and homeowners must report correctly to avoid costly tax mistakes, understanding the differences between the old and new tax regimes is essential for accurate tax filing
Homeowners with multiple properties must understand the *new tax regime* and how it affects their *tax* obligations. Key points to consider include:
- Interest deduction on self-occupied houses is not available under the new tax regime
- Accurate reporting of second homes is crucial to avoid costly *tax* mistakes
- Homeowners must be aware of the differences between the old and new *tax* regimes to ensure accurate *ITR filing*
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