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Commentary

IN2.2.2 Determining residential rental income

India

The rental income is determined in the following manner:

Rent receivable less property taxes give the net annual value. From this deductions are made to arrive at the 'income from house property'

ComponentDetails
Rent received/receivableRent which the owner could not realise can be reduced from the rental income offered to tax if the tenancy is bona fide and the owner has taken

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