Provisions Stories

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A shop which will help you determine the corrections in your story. Help you develop more respect and reads, votes, comments--- and of course support for your story. Greetings! If you're interested, please do read the first part. Thank you! :) Book Cover made by: @strajizia ~Feel free to message her for requests :)

For years, owning more than one residential property in India came with an invisible cost, deemed rent. Even if your second (or third) home lay unoccupied, you were taxed as if you were earning notional rent from it. This outdated rule placed a burden on genuine homeowners and investors alike. But Budget 2025 changes everything. The finance minister has officially scrapped the Deemed Rent provision, making it easier for individuals and NRIs to invest in multiple homes without being unfairly penalized. Whether you're buying a second home for your family or as an investment, the removal of deemed rent paves the way for smarter, tax-friendly ownership. Let's break down what this means for you. What Was Deemed Rent? Under earlier tax provisions, if you owned more than two houses, the additional properties were treated as 'let out' whether you actually rented them out or not. The government would calculate notional rental income, and you had to pay tax on that imaginary income. This rule particularly affected: People with inherited family homes Investors holding multiple properties for capital appreciation NRIs who maintain homes in India for occasional use Even if your second or third property stood empty, the taxman assumed you were earning from it and charged you accordingly. READ MORE : https://www.beyondwalls.com/blog/blog-budget-2025-removes-deemed-rent-tax-multiple-properties

These are the 1,000 strict, yet funny, provisions of the legendary sword Excalibur. (Note: following these rules will not guarentee that Excalibur will like you.)