Computation of income from house property under Income Tax Law

Computation of income from house property under Income Tax Law

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Author : Ram Dutt Sharma
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This 7th edition of Computation of Income from House Property under Income Tax Law, authored by Ram Dutt Sharma, provides a comprehensive and practical guide to the taxation of income arising from house property under the Income Tax Act, 1961. Updated as amended by the Finance Act, 2022, it offers a detailed explanation of statutory provisions, computational methods, and compliance requirements for taxpayers, professionals, and students.


The book presents the subject in a structured and reader-friendly manner, combining legal provisions with practical illustrations, judicial precedents, and relevant CBDT clarifications. It serves as a reliable reference for understanding the nuances of determining annual value, allowable deductions, and taxability of various types of property income.


The content covers the complete scope of house property taxation, including:

• Scope and applicability of the head “Income from House Property”

• Determination of ownership and deemed ownership

• Computation of annual value – self-occupied, let-out, and deemed let-out properties

• Deductions allowable under Section 24(a) and 24(b)

• Tax implications of arrears of rent and unrealised rent recovery

• Treatment of co-ownership and multiple properties

• Set-off and carry forward of losses from house property

• Interaction of property income with other heads of income

• Relevant CBDT circulars, notifications, and judicial interpretations

• Practical computation examples for various scenarios


This edition is particularly suitable for:

• Chartered accountants, tax practitioners, and legal advisors dealing with property taxation

• Individual taxpayers and property owners seeking clarity on tax obligations

• Corporate finance teams managing real estate income and compliance

• Law and commerce students studying Indian direct tax laws


Whether used for compliance, advisory, or academic purposes, this updated edition serves as an authoritative, practical, and easy-to-use reference on the computation of income from house property under Indian tax law.

 

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Shipping & Returns

Shipping
Orders are shipped within 3–5 working days (exceptions may occur). Deliveries within Delhi usually take 3–5 working days post-shipment, while deliveries outside Delhi may take 4–5 working days. International shipping is not available at present. Once your package has been dispatched, you will receive a confirmation email with a tracking number to monitor your order.

Returns
We do not accept returns or exchanges for books once sold. A return or replacement is only possible if the book delivered is damaged or if the wrong book has been sent. In such cases, customers are requested to contact us within 7 days of delivery with order details and proof (such as a photo of the book). Refunds will be processed once the returned books are received and inspected, and the amount will be credited in the original form of payment within 7 working days. Shipping charges will not be refunded unless the return is due to our error.

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Your payment information is processed securely. We do not store your card details nor have access to your payment information.

We accept payments via Debit Cards, Credit Cards, UPI, Net Banking, and Cash on Delivery (COD) for your convenience.

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We accept payments via Debit Cards, Credit Cards, UPI, Net Banking, and Cash on Delivery (COD) for your convenience.

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Your payment information is processed securely. We do not store your card details nor have access to your payment information.

We accept payments via Debit Cards, Credit Cards, UPI, Net Banking, and Cash on Delivery (COD) for your convenience.

About the author

Ram Dutt Sharma

Ram Dutt Sharma

Ram dutt sharma was born on 27th June, 1958 in Narnaul, Haryana. He got his post-graduate from M.D. University, Rohtak in 1980. He Join the Income Tax Department in the year 1983 and retired as Income Tax Officer on 30-06-2018, He Worked at Various Stations of North-West Region of Income Tax Department. He has wide Experience of all wings of Income Tax Department such as Assessment Units Special Range, TDS Wing, Investigation Wings etc. He has been Contributing articles and addressing on Topics Relating to Income Tax at NADT Regional Campus, Chandigarh & Bhopal. He has also addressed number of seminars Organized by the Income Tax Department, Chartered Accountants Advocate and various Trade Associations.

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