The question (12 marks)
Elaborately discuss the characteristics of income from house property and the provisions governing its computation, including the treatment of a self-occupied house and of a person who is not the legal owner. (12 marks)
MU Module II, income from house property; pack ch. 02.
Plan your answer on paper before you look at the authorities — issue first, then the rule, then apply it to these facts.
It tests Unit 2 · Residence, Heads of Income and Computation of Law of Taxation.
Authorities you will need
- Sections 20 to 25, Income-tax Act
- Section 202(1) and 202(2), Income-tax Act
- East India Housing & Land Development Trust Ltd. v. C.I.T.
- Section 53A, Transfer of Property Act
How an answer is marked
A full-marks answer names the issue in one line, states the rule with its section, cites the authority, applies it to these facts and concludes — in that order. The app's model answer for this question is written in exactly that shape, with a checklist to mark your own attempt against.