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

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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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