Computation of income from house property under Income Tax Law

Computation of Income from House Property under Income Tax Law is a focused and practice-oriented guide addressing one of the fundamental heads of income under Indian direct tax law. The book explains the legal framework governing taxation of house property income, including ownership concepts, annual value determination, and taxability rules.

Covering Sections 22 to 27 of the Income Tax Act, 1961, the book provides detailed guidance on computation for self-occupied, let-out, and deemed let-out properties. It discusses standard deductions, interest on borrowed capital, municipal taxes, and treatment of unrealized rent. Special situations such as co-ownership, composite rent, and house property held as stock-in-trade are also addressed.

Designed for clarity and practical application, the book simplifies complex provisions and helps readers avoid common errors in computation. It is an indispensable reference for professionals, property owners, and students dealing with house property taxation.