Income from house property must be computed under the house property head, including business-like lettings, with specified exclusions.

Income from house property must be computed under the head Income from house property, including lettings that amount to trade or business; where ownership is shared with definite and ascertainable shares, each owner's share is to be computed separately. Exclusions include portions occupied for business purposes (to be computed under business income) and properties not ready for use during the financial year.

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