"Is ownership is the only criteria for taxing income
u/h house property
5 Replies
Rohit Tibrewal
(Student & Senior Accountant)
(3193 Points)
Replied 09 September 2018
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".
RAJA P M
("Do the Right Thing...!!!")
(128096 Points)
Replied 09 September 2018
Yes... House Property Income is assessed Only in the Owner of the Such Property...
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