If you have a house/flat that is either rented out or kept vacant you need to know about income from

house property
for income tax calculation purposes. This is also important for tax saving if you want to set off the interest you are
paying on any home loan taken for the same house against the income from house property.

A person's gross total income chargeable to tax is a sum of income under various heads such as 'income from
salary', 'income from other sources' etc. One of these he ..

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