Category Archives: House Property Income

How to calculate Gross Annual Value under the head “Income from House Property”

Calculation of Gross Annual Value under Income Tax for Calculating Income from House Property. Section 23 of the Income tax deals with Gross Annual Rent calculation but in simple terms it may be termed as total annual rent which owner expect from that property. But problem may arise in case of high notional interest on interest-free security deposit or taxability… Read More »