Income from house property
This query is : Resolved
20 November 2012
whether payment of lease rent and one time lease rent deductible under section 23 of the income tax act
20 November 2012
Section 23 is related to Income under the head house property. However, charging section of house property is section 22. As per section 22 for income under the head house property ownership of the property is compulsory.
In case of lessee section 23 will not be invoked. However, in case of lessor lease rental will be considered normal renting for the calculation of annual value.
In case of lessee section 23 will not be invoked. However, in case of lessor lease rental will be considered normal renting for the calculation of annual value.
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