how to calculate house rent income ?
my monthaly h. rent income is 1060000lack.


Admin’s Response:

You may refer Section 24 of the Income Tax Act 1961 for the desired details as per the details of your case at the link below:

http://law.incometaxindia.gov.in/DIT/File_opener.aspx?page=ITAC&schT=&csId=d8f38046-2ba5-42e2-aade-8e06b5a4e220&rdb=sec&yr=e5be6bdb-1fc4-42d6-ac7b-34a44fd65485&sec=&sch=&title=Taxmann%20-%20Direct%20Tax%20Laws

(It has been observed that the above link opens only in some browsers like Internet Explorer or Mozilla Firefox)