Module 03 INCOME FROM HOUSE PROPERTY
Chargeability
Income from House Property Income from house property is a significant category under income tax ...
Annual value and its determination
The determination of the annual value of a property, which is essential for computing the income ...
Deemed ownership
Deemed Ownership is a concept in tax law that applies to situations where a person is considered ...
Deductions from annual value
(i) There are two deductions from annual value. They are: 30% of NAV; and Interest on borrowed...
Computation of taxable income
Example Calculation Suppose the Gross Annual Value (GAV) of a property is ₹3,00,000. Municipal ta...