Income Tax for Beginners - House Property Income

Income Tax for Beginners - House Property Income, Rules relating to the house property income calculation, Created by Dr. A. Sukumar

Description

Dear Learners,

This is a short course to learn Tax procedures to calculate House Property Income. It explains Municipal Rental Value (MRV), Fair Rental Value (FRV), Standard Rental Value (SRV), Actual Rent Received (ARR), Un-Realized Rent (URR) and procedure for Vacancy.

This course includes the Interest on Borrowed capital and its tax treatments.

Also we are going to practice the calculation procedures for Expected Rent, Gross Annual Value, Net Annual Value and Taxable income from House Property.

Who is the target audience?