Income from house property is one of the major sources of income for many taxpayers in India. However, most taxpayers are not aware of the income tax rules related to income from house property, and as a result, they end up paying more tax than they should.

Income tax is payable on the 'Net Annual Value (NAV)' of these properties under 'Income from House Property'. If a house is self-occupied,...

Deduction 80EEA In Respect Of Interest Paid On Loan Taken For Acquisition Of Residential House Property (Affordable Housing).