Income from house property: gross rent reduced by statutory deductions to determine taxable property income. The taxable income from house property is computed by reducing the gross rent by the aggregate amount of the deductions specified in the statute governing ... Summary
Income from house property: gross rent reduced by statutory deductions to determine taxable property income.
The taxable income from house property is computed by reducing the gross rent by the aggregate amount of the deductions specified in the statute governing allowable reductions.
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