Income from House Property — Topic Index
Sub-part: C.—Income from house property Sections: 20–25 Old Act equivalent: Sections 22, 23, 24, 25A, 26, 27 Status: ✅ Fully ingested — sections 20–25 completed
Overview
This sub-part covers the charging, computation, deduction, and interpretation provisions for income under the head “Income from house property” under the Income Tax Act, 2025.
Key changes from the 1961 Act:
- Old Section 22 (charging) → new Section 20
- Old Section 23 (annual value) → new Section 21
- Old Section 24 (deductions) → new Section 22
- Old Section 25A (arrears/unrealised rent) → new Section 23
- Old Section 26 (co-owners) → new Section 24
- Old Section 27 (deemed owner) → new Section 25
- Self-occupied: two houses can claim nil annual value (section 21(6)-(7))
- Interest cap: Rs. 2,00,000 for self-occupied (acquisition/construction completed within 5 years); Rs. 30,000 otherwise
- Finance Act 2026: pre-construction interest now explicitly within cap; stock-in-trade nil period clarified as “up to” 2 years
Sections in This Folder
| Section | Heading | Old Equivalent | Ingested |
|---|---|---|---|
| 20 | Income from house property — charging | 22 | ✅ |
| 21 | Determination of annual value | 23 | ✅ |
| 22 | Deductions from house property income | 24 | ✅ |
| 23 | Arrears of rent and unrealised rent | 25A | ✅ |
| 24 | Property owned by co-owners | 26 | ✅ |
| 25 | Interpretation — deemed owner | 27 | ✅ |
Key Cross-References
- Charging: s020 → annual value computed under s021 → deductions under s022
- Self-occupied: s021(6)-(7) → interest cap in s022(2) → co-owner relief in s024(2)
- Arrears: s021(4) excludes unrealised rent → s023 catches it on realisation
- Deemed owner: s025 applies to all sections 20–24
- House property loss set-off: see clubbing-setoff/ — section 109(1)(b) caps at Rs. 2,00,000
- Housing loan interest deduction: see deductions/s132
- TDS on rent: see tds-tcs/