Section 22 — Income from House Property (Charging Section)
Section 22 Income Tax Act: what makes property income taxable under House Property head — ownership, building conditions & business-use excl
Paper 3 — Taxation · Chapter
Income from House Property
Sections 22–27 of Income Tax Act — annual value, deductions (standard 30% & interest on borrowed capital), self-occupied vs let-out, deemed ownership and special cases. Expect 6–8 marks per attempt.
6 microlessons in this chapter
Read each in 5 minutes. Each has worked examples + the bare-Act text for reference.
All lessons
1
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2
Section 23 — Annual Value How Determined
Section 23 Income Tax Act 1961: How Annual Value of house property is determined for let-out, self-occupied & vacant properties | CA Inter M
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3
Section 24 — Deductions from Income from House Property
Section 24 of Income Tax Act: Learn the 30% standard deduction and home loan interest deduction rules for house property income — essential
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4
Section 25 — Amounts Not Deductible
Section 25 Income Tax Act: When foreign interest payments are NOT deductible from house property income — rules, TDS conditions & CA Inter e
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5
Section 26 — Property Owned by Co-owners
Section 26 Income Tax: How co-owned house property is taxed in India — each co-owner taxed individually, not as AOP. Key rules for CA Inter
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6
Section 27 — 'Owner of House Property' (Deemed Owner)
Section 27 Income Tax Act: deemed ownership of house property explained for CA Inter — spouse transfers, minor child, co-op flats, Section 5
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