At present , a person who takes a house on lease exceeding 12 years are deemed owner for the purpose of income from house property . This is given in section 27 of the I T Act. Read below for quick reference 27. For the purposes of sections 22 to 26- (i)… (ii) ….. (iii) …..
What is the major change in definition of owner of house property ?
September 26, 2010 by



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