Income from house property
[As per the Income Tax Act, 2025 (this Act) w.e.f. 1st April, 2026.]
Section 20(1) of Income Tax Act 2025
20(1) The annual value of property consisting of any buildings or lands appurtenant thereto, owned by the assessee shall be chargeable to income-tax under the head “Income from house property”.
Section 20(2) of Income Tax Act 2025
20(2) The provisions of sub-section (1) shall not apply to such portions of the property, as occupied by the assessee for his business or profession, the profits of which are chargeable to income-tax.
