Following 5 property cant be taxed under Income from House Property

1) Property used for business or profession

2) Property used for charitable purpose

3) Property of trade union or local authority

4) One palace of   Ex-Rulers

5) Income from building attached to an agricultural land which is used for storage or dwelling House etc.

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 13 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.