Section – 24 of Finance Act 2019: Deductions from income from house property


Deductions from income from house property. 24. Income chargeable under the hea  “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…

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