Tag: INCOME FROM HOUSE PROPERTY

Direct Tax

How income from house property is taxed in India

How income from house property is taxed in India under the Income Tax Act. Income from House Property – Section 22 to 27 (Overview) Basic Conditions to Qualify as Income from House Property: Income is taxable under “Income from House Property” if you are the owner (legal or deemed) of the property. The property includes …

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Companies Act / ROC

CORPORATE AND PROFESSIONAL UPDATE JANUARY 16, 2016

CORPORATE AND PROFESSIONAL UPDATE JANUARY 16, 2016 INCOME TAX ACT SECTION 24 INCOME FROM HOUSE PROPERTY – DEDUCTION Interest : Where assessee undertook to pay loan of financial institutions as a condition for acquiring its mortgaged property, interest paid on such loan would be deductible under section 24(1)v(i) against rental income from said property – [2016]  72 …

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