Section 24 : Deductions from income from house property

Print Friendly, PDF & Email

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 value; (b) where the property has been acquired, constructed, repaired, renewed or reconstructed with borrowed capital, the amount of any interest payable on such capital: Provided that…

This content is for Monthly, annual and Semi Annual members only.
Log In Register