AUBSP»Income Tax»Taxpayers»Section 22 of Income-tax Act 1961-2017 – Income from house property

Section 22 of Income-tax Act 1961-2017 – Income from house property

Detail analysis of the provisions of Section 22 (Income from house property) of Income-tax Act 1961 as amended by latest Finance Act 2017.

Chapter IV (Sections 14-59) of Income Tax Act, 1961 deals with provisions related to computation of total income. Section 22 of Income Tax Act 1961-2017 provides for Income from house property.

The 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”.

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