Now Time has come to be ready to file income Tax return for the Assessment Year 2020-21, however there are lot of changes have been made by the Government.
Some changes are more important to know because Income tax Return cannot be filed correctly if are ignorant of these.
I am just making an effort to cover such amendments/changes in a series like what would be Tax Rate for the Assessment year , changes in particular source of income i.e.salary, house property, Business or profession, capital etc.
In earlier parts, we have included
(1 ) Rate of Income Tax for the Assessment year 2020-21 (Read Part -1 here)
(2)"Exempt income" i.e. Income which do not part of Total Income (Read Part -2 here)
(3) Changes in the head "Income from Salary" (Read Part -3 here)
Now we will cover the changes made or brought in the head "Income from House Property" which are specifically applicable for the Assessment year 2020-21 :-