mention any four type of income from house property which are exempted from tex
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Explanation:
Income from House Property covers the rent earned from the House property which is chargeable to tax. Sometimes, the owner may have to pay tax on 'deemed rent' in case the property is not let out. ... The property may be used for any purpose except used by the owner for the purpose of running his business or profession.
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Income from property subjected to charitable or religious purpose is tax-exempted as per Section 11. ... The annual value of one self-occupied property for own residence is exempted from tax under Section 23(2). Income from property used for one's own business or profession is also tax-exempted under Section 22.
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