Costing and Taxation · Ch 6 — Income from House Property
Terms Introduced in the Chapter
Terms Introduced in the Chapter
This section collects, in one place, every term and rule introduced in this chapter, for quick refer …
Annual Value of a building/land appurtenant thereto, owned by the assessee, is chargeable under this head — except any portion the owner occupies for their own …
Expected Rent; or actual rent received/receivable if higher; or actual rent received/receivable (even if lower) where the shortfall is genuinely c …
Higher of Municipal Value and Fair Rent, restricted to Standard Rent where a Rent Cont …
Gross Annual Value less municipal/local taxes actually paid by the owner during the …
Flat 30% of Net Annual Value — automatic, no proof of actual expenditure needed; not available where NAV/A …
Full actual interest for the year, no monetary ceiling, excluding pre-construc …
Nil, for one house occupied by the owner for residence througho …
₹2,00,000 (loan on/after 1-4-1999 for purchase/construction completed within 5 years of end of the FY the loan was taken); ₹30,0 …
Where an assessee owns a let-out house and a self-occupied house, Income from House Property is the sum of the two figures, each …