house-property'

Tax on House Property in India

Tax on House Property in India

What is income from house property?

Income from House Property comprises of the rent received from the House property. This income is chargeable as per tax rules. In case, the property is not on the lease, then the owner may have to pay tax on 'deemed rent’. In order to include the income from house property in the assessor’s aggregate total income, three essential …

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