House property consists of any building or land appurtenant thereto to which the assessee is the owner. The appurteant lands may be in the form of a courtyard or compound forming part of the building. But such land is to be distingguished from an open plot of land, which is not charged under this head "Income from other sources" or "Business income", as the case may be. Besides,"House property" includes flats, shops, office space, factory sheds, agricultural land and farm houses. Further, house property includes all type of house properties, i.e., residential houses, godowns, cinema building, workshops, hotels, etc
NRI can inherit a property, or might be having a own property, commercial property stocks bonds, land etc.If NRI wants to sell property in India as...
Property Tax is the tax that is charged by the local government on real estate including land owned by you. The value of property forms the basis o...
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