Income Tax Law
Act 2025/ Part C/ § 20
Income-tax Act, 2025 · Part C — Income from house property

Section 20Income from house property

Income-tax Act, 2025 (30 of 2025)
(1)
The annual value of property consisting of any buildings or lands appurtenant thereto, owned by the assessee shall be chargeable to income-tax under the head “Income from house property”.
(2)
The provisions of sub-section (1) shall not apply to such portions of the property, as the assessee may occupy for his business or profession, the profits of which are chargeable to income-tax.
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