Question

under which section of IT Act are the provisions of basis of charge laid down for charging income under the head income from house property?
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Answer 1

Answer:

Explanation:

The concept of annual value and the method of determination is laid down in section 23. (2) The annual value of any property comprising of building or land appurtenant thereto, of which the assessee is the owner, is chargeable to tax under the head “Income from house property”.