Computation of Income From HOUSE PROPERTY under income tax law Paperback – 2017 by Ram Dutt Sharma (Author)
Any buildings or lands appurtenant thereto, of which the assessee is owner, is
chargeable to tax under the head “Income from House Property”.
The scope of income charged under this head is defined by section
22 of the Income Tax Act and the computation of income falling under
this head is governed by sections 23 to 27. Tax levied under section 22
is tax on annual value of house property and it is not a tax on house property.
“Income from House Property” is the only head under Income Tax Act
which is charged on “Notional basis” instead of real income.
This book has been prepared to help taxpayers in discharging their
obligations in respect of income from house property. After going through
this book, you will be able to understand the meaning and
computation of income from house property.
All the provisions relating to tax treatment of income from house property
are explained in this book. It is an attempt to provide answers to common
queries on income under the head “House Property” in a very simple language.
The book aims to provide solutions for house property owner’s day-to-day
problems and contains many chapters. The subject has been arranged in a
very systematic manner beginning with an introduction chapter about Income
from House Property and then discussing exempted income from house property.
- Publisher: Commercial Law Publishers; 2nd Edition 2017 edition (2017)
Contents
Chapter 1. Introduction
Chapter 2. Exempted Income From House Property [Section 10]
Chapter 3. Taxing Income Under The Head “Income From House Property” [Section 22]
Chapter 4. Annual Value [Section 23]
Chapter 5. Deduction For Payment Of Muncicipal Taxes [Proviso to Section 23 (1)]
Chapter 6. Deductions From Income From House Property [Section 24]
Chapter 7. Taxability of Self-occupied/Let out Property [Section 23]
Chapter 8. Amounts Not Deductible From Income From House Property
Chapter 9. Tax Treatment Of Arrears Of Rent And Unrealised Rent
[Section 25A – w.e.f.assessment year 2017-18]
Chapter 10. Propery Owned By Co-Owners [Section 26]
Chapter 11. Deemed Owner Of The House Property [Section 27]
Chapter 12. Treatment Of Composite Rent
Chapter 13. House Property Income Of Partnership Firm
Chapter 14. House Property Income Of NRI’s IN India
Chapter 15. Set Off & Carry Forward Of Loss [Section 71-B]
Chapter 16. Tax Deduction At Source From Rent [Section 194-1]
Chapter 17. Income From House Property Earned In Foreign Currency [Rule 115]
Chapter 18. Calculation Of Taxable Income From House Property
Chapter 19. Income Not Charged As Income From House Property
Chapter 20. Selected Case-Law
Chapter 21. Important Circulars
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Author Details
Ram Dutt Sharma got his post-graduation (M.Sc.) from M.D. Jniversity,
Rohtak in 1980. He joined the Income-tax Department in the ear 1983
and presently working as Income Tax Officer in Faridabad. He vorked
at various stations of North-West Region of Income Tax Department.
He has wide experience of all wings of Income Tax Department -uch
as assessment unit, Special Range, TDS Wing, Investigation Wing,
intelligence and Criminal Investigation etc. He has been contributing
articles :.nd addressing on topics relating to Income Tax at Direct Tax,
Regional Training Institute, Chandigarh. He has also addressed number
of seminars organized by the Income-tax Department, Chartered Accountants,
Advocates and various Trade Associations. He is the author of number of rooks
on direct taxes, namely Computation of income from salary under ncome tax
law with tax planning, Computation of income from house property, Formation
and Management of Charitable and Religious Trust, Educational and Medical
Institutions under income-tax law, Taxation of on-Resident Indians under
income-tax law etc. which have been highly appreciated by the readers.
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