INCOME FROM HOUSE PROPERTY | PART 3| GAV| NAV| DEDUCTIONS#incomefromhouseproperty #incometax #yt
Understand *Income from House Property* under the *Income Tax Act* simply and clearly!
In this video, *Sonia Setia* explains step-by-step how to *compute Gross Annual Value (GAV)**, **Net Annual Value (NAV)**, and **various deductions* allowed under **Section 24(a) and 24(b)**.
You’ll also learn the difference between *LOP, SOP, DLOP, and LOSO**, and how to calculate **taxable income from house property* for exam and practical purposes.
Perfect for *Class 12 Accountancy* students, *CA Foundation**, and anyone preparing for **Income Tax exams* or wanting to understand *rental income taxation* in India.
📚 Topics Covered:
✅ Concept of House Property Income
✅ Computation of GAV & NAV
✅ Municipal Taxes & Standard Deduction
✅ Interest on Housing Loan
✅ Step-by-step examples for better understanding
👩🏫 *Teacher:* Sonia Setia
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