Income from House Property

Property should consist of any Building or/& Land attached to the building
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Posted By: Adv. Poonam R. | Posted At.: Jun 23, 2020 | Category: Property Laws | Tags: Income from House Property BASIS OF CHARGE/ CONDITIONS FOR CHARGEABILITY under the head Income from House Property Income from Renting of under the head Income from House Property Income from Sale ofunder the head Income from House Property Land attached to the building under the head Income from House Property Land appurtenant under the head Income from House Property Letting out of vacant land under the head Income from House Property Subletting of under the head Income from House Property What is the purpose of House Property HOUSE PROPERTY HELD AS STOCK IN TRADE under the head Income from House Property DETERMINATION OF GROSS ANNUAL VALUE (Section 23) under the head Income from House Property Expected Rent (ER) under the head Income from House Property Actual Rent Received (ARR) under the head Income from House Property MUNICIPAL TAXES under the head Income from House Property Municipal taxes are to be deducted from Gross Annual Value under the head Income from House Property Whaich are points to be consider for Municipal Taxes NET ANNUAL VALUE (NAV) under the head Income from House Property Standard deduction section 24a under the head Income from House Property Self Occupied Property (SOP) under the head Income from House Property Interest on Borrowed Capital Section 24b under the head Income from House Property Pre-construction period Interest under the head Income from House Property What is the meaning of Pre-Construction Period under the head Income from House Property Computation of Prior Period Interest under the head Income from House Property LIMIT ON DEDUCTIONS OF INTEREST FOR SELF OCCUPIED PROPERTIES under the head Income from House Property Concept of ARR under House Property Basis of charge for income Section 56 Under the head income other sources