https://www.taxtmi.com/article/detailed?id=847 Chapter VII revises house property taxation by taxing let property on a gross rent receipt-or-accrual basis, retaining presumptive treatment where applicable, including inseparable lettings of building and furniture as house property, allowing deduction of local taxes and a recalibrated repair allowance, and moving interest on borrowed capital for acquisition or construction to deduction from gross total income-thereby restricting set-off of house property losses; treatment of advance and unrealised rent remains unspecified. en-us Sat, 26 Jun 2010 00:52:09 +0530 Sat, 26 Jun 2010 10:23:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=847 Chapter VII revises house property taxation by taxing let property on a gross rent receipt-or-accrual basis, retaining presumptive treatment where applicable, including inseparable lettings of building and furniture as house property, allowing deduction of local taxes and a recalibrated repair allowance, and moving interest on borrowed capital for acquisition or construction to deduction from gross total income-thereby restricting set-off of house property losses; treatment of advance and unrealised rent remains unspecified. Articles Income Tax Sat, 26 Jun 2010 00:52:09 +0530 https://www.taxtmi.com/article/detailed?id=847