Section-20: Income from house property

Section-20 : Income from house property

Section-20 provides for the charge of income-tax under the head "Income from house property" on the annual value of property consisting of any buildings or lands appurtenant thereto. Learn to understand the section-20 as it is, it's help and useful links to follow.

Here onwards, "Act" refers to "Income Tax Act 2025"

1. Section-20 as per act

The annual value of property consisting of any buildings or lands appurtenant thereto, owned by the assessee shall be chargeable to income-tax under the head "Income from house property".
The provisions of sub-section (1) shall not apply to such portions of the property, as occupied by the assessee for his business or profession, the profits of which are chargeable to income-tax.