Posted October 16, 2013 by advocateguru in Learning Centre

Income from house property

Section 22 in The Income- Tax Act, 1995

22. Income from house property 1The annual value of property consisting of any buildings or lands appurtenant thereto, of which the assessee is the owner,

other than such portions of such property as he may occupy for the purposes of any business or profession

carried on by him the profits of which are chargeable to income- tax, shall be chargeable to income- tax under the head” Income from house property”.