Income is taxable under the head Income from House Property if:

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Author:
sandeepicsi
ID:
209488
Filename:
Income is taxable under the head Income from House Property if:
Updated:
2013-03-25 20:28:56
Tags:
income house property
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Description:
Basis of Charge [Sec 22]
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  1. Income is Taxable under the head "Income from House property" if the following three Conditions are satisfied:
    1.The property should consist of any buildings or lands appurtenant thereto.
  2. Income is Taxable under the head "Income from House property" if the following three Conditions are satisfied:
    2.The Assessee should be owner of the Property
  3. Income is Taxable under the head "Income from House property" if the following three Conditions are satisfied:
    The property should not be used by the owner for the purpose of any business or profession carried on by him, the profits of which are chargeable to income tax.

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