February 27, 2018
Published by Law@HostBooks at February 27, 2018
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Section – 30 : Rent, rates, taxes, repairs and insurance for buildings

30. In respect of rent, rates, taxes, repairs and insurance for premises, used for the purposes of the business or profession, the following deductions shall be allowed— (a) where the […]
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February 27, 2018
Published by Law@HostBooks at February 27, 2018
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Section – 29 : Income from profits and gains of business or profession, how computed

29. The income referred to in section 28 shall be computed in accordance with the provisions contained in sections 30 to 43D.
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February 27, 2018
Published by Law@HostBooks at February 27, 2018
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Section – 28 : Profits and gains of business or profession

28. The following income shall be chargeable to income-tax under the head “Profits and gains of business or profession”,— (i) the profits and gains of any business or profession which […]
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February 27, 2018
Published by Law@HostBooks at February 27, 2018
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Section – 27 : “Owner of house property”, “annual charge”, etc., defined

27. For the purposes of sections 22 to 26— (i) an individual who transfers otherwise than for adequate consideration any house property to his or her spouse, not being a […]
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February 27, 2018
Published by Law@HostBooks at February 27, 2018
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Section – 26 : Property owned by co-owners

26. Where property consisting of buildings or buildings and lands appurtenant thereto is owned by two or more persons and their respective shares are definite and ascertainable, such persons shall […]
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February 27, 2018
Published by Law@HostBooks at February 27, 2018
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Section – 25A : Special provision for arrears of rent and unrealised rent received subsequently

25A. (1) The amount of arrears of rent received from a tenant or the unrealised rent realised subsequently from a tenant, as the case may be, by an assessee shall […]
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February 27, 2018
Published by Law@HostBooks at February 27, 2018
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Section – 25 : Amounts not deductible from income from house property

25. Notwithstanding anything contained in section 24, any interest chargeable under this Act which is payable outside India (not being interest on a loan issued for public subscription before the […]
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February 27, 2018
Published by Law@HostBooks at February 27, 2018
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Section – 24 : Deductions from income from house property

24. Income chargeable under the head “Income from house property” shall be computed after making the following deductions, namely:— (a) a sum equal to thirty per cent of the annual […]
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February 27, 2018
Published by Law@HostBooks at February 27, 2018
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Section – 23 : Annual value how determined

23. (1) For the purposes of section 22, the annual value of any property shall be deemed to be— (a) the sum for which the property might reasonably be expected […]
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