Exempted incomes

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exempted incomes of house property
Replies (3)
U/s 10(1)- income from farm house part of
agriculture income.
U/s 10 (19A)- annual income of any palace of ex- ruler.
U/s 10 (20)- income from house property ( IFHP)of a Local authority.
U/s 10 (21)- IFHP of an approved scientific research association.
U/s 10 (23C)-income of University, educational institutions.
U/s 10(24) property income of any registered trade Union.
U/s 11 IFHP held for charitable r religious purpose.
U/s 13A property income of a political party.
U/s 22 property used for own business r profession.
U/s 23(2) self occupied property of an individual/ huf
deduction are two
U/s 24 a - 30 %of net annual value.
u/s 24 b - interest paid on loan taken for house property
reply of sh Sunil Ahmed as per present law PL.


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