The government has urged stakeholders to study the Income-tax Act, 2025, and make suggestions, which will be compiled and considered for review before final notification. The Income-tax Act, 2025, received the assent of the President in August 2025. The Act will come into effect from 1 April 2026. The corresponding Income Tax Rules and related […]
Meera Soni, 35, a doctor, owns a two-storey building in Pune. She uses the ground floor as her clinic and lives on the upper floor. The total value of the property, excluding the land value, is ₹80 lakh. Since half of the property is used for professional purposes, she can claim depreciation on that portion […]