New Delhi, Feb. 1 -- The Union Budget 2025 brings a significant relief for homeowners by allowing tax benefits on two self-occupied properties instead of just one. Earlier, individuals had to pay tax on the notional rental income of a second home, adding to their financial burden. This change simplifies tax compliance and recognises the need for housing flexibility, especially for families with homes in different cities for work, investment, or personal reasons.

By reducing tax liabilities, this move is expected to boost homeownership and drive real estate demand, particularly in Tier 2 and Tier 3 cities. The budget also simplifies TDS rules on rental income, reducing compliance hassles for landlords and improving cash flow in the rental...