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Income from House Property Which property income is exempt from tax? Income from farm house (Sec.2(1A)(c) read with sec. 10(1)). Annual value of any one palace of an ex-ruler (Sec.10(19A)). Property income of a local authority (Sec.10(20)), university/ educational institution (Sec.10(23C)), approved scientific research association (Sec.10(21)), political party (sec.13A). Property used for own business or profession (Sec.22). One self occupied property (sec.23(2)). House property held for charitable purposes (sec.11). Source: Income Tax Department SalariesBusinessCapital GainsIncome from Other SourcesWealth TaxTDSPANGeneralTaxable IncomeReturn of incomeAssessmentDue dates for filing tax returnsDeductionsNRIs |
Tax Glossary Other Glossary |



