Not all income under the head Income‑tax Act, 1961 “Income from House Property” is taxable. There are specific items the law treats as not liable to tax. Coming to your query, state the items of income from house property which are not liable to tax? Here are the items:
Revenue generated from buildings on agricultural land (such as a farmhouse, storehouse, or godown on land that is part of agriculture) is exempt under Section 10(1).
Income from property belonging to local authorities is exempt under Section 10(20).
House-property income of a recognised political party (under Section 13A) is exempt.
Property income of an approved scientific research association is exempt under Section 10(21), and property income of certain educational or medical institutions is exempt under Section 10(23C).
Also, property income used for charitable or religious purposes (under Section 11) is exempt.
Property income of a certified trade union is exempt under Section 10(24).
The annual value of one palace possessed by an ex-ruler is tax-free under Section 10(19A).
If your building qualifies under any of these categories (for example, a building on agricultural land or used by an educational trust), then the rent or annual value won’t be taxed as a house-property income. Of course, this doesn’t mean you should ignore meeting all legal criteria and document accordingly.
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State the Items of Income from House Property Which are not Liable to Tax?
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2025-11-10T06:50:05+00:00 2025-11-10T06:50:07+00:00Comment
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