Computation of Income from.. "Let-Out House Property" Income

2.3.      COMPUTATION OF INCOME FROM  “LET-OUT PROPERTY” :

After arriving at Rateable Value and Annual Value, if the property is let-out (given for rent / lease), the following deductions for which the owner is eligible :

1.  Repair Charges (restricted to 30% of Annual Value of the Property).

2.  Interest on borrowed capital for the purpose of acquisition, construction, re-construction, repairs, renovation etc.

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Incomes-Exempted from 'House Property' Income :
 
 
 
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