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Daily Archives: December 30, 2020

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Calculation of Income or loss from House Property

Income taxBy Surendra NaikDecember 30, 2020

A person’s gross total income chargeable to tax is a sum of income under various heads such as ‘income from salary’, ‘income from other sources’ etc. One of these heads of income is ‘Income from House Property’. The income from House property is added to the person’s total income for assessment of tax only if…

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