My name is C. S. Raghupta and today I would like to take
the topic of Income Tax forward and focus on a new Head of
Income of Income Tax.
Today we will discuss a new Head of Income whose name is
Income Underhead House Property.
Before I proceed with my discussion, I would like to ask
you.
Just think and tell me, which three things are most
important to live in India?
Just think, what can it be?
There is no car, there is no scooter, there is none of this.
Think and tell me.
Why only India? What do you think is most important to live
in any country in the world?
Should I tell you?
Roti, Kapda and Makan.
Roti, Kapda and Makan are such things that a person cannot
survive without them.
We will cover the discussion of Roti and Kapda in the topic
of GST.
And we will cover the discussion of Makan in today's Income
Tax.
Friends, Makan is such a thing where a person invests the
most.
And Makan is the most important thing.
You can go anywhere in this world.
You will get sleep in your bed at your home.
Makan is so important.
So Sir, you were saying that you will cover Makan in Income
Tax.
Does Makan also require Income Tax?
Yes, friends.
You heard it right.
Makan also requires Income Tax.
Sir, what are you saying?
We have been living in our homes for so many years.
We have never paid Income Tax.
You are saying that Makan will require Income Tax.
I am saying, listen to me.
When does it require? How does it require?
What deduction do you get? I will tell you.
Brother has come. He will tell you.
Don't worry. I have taken the fees from you.
I will tell you everything.
Don't worry.
Look, in our first lecture, I had told you that whatever
our 5 heads of income are, what were they? Tell me.
Don't change the copy.
Think and tell me what were they?
Salaries, House Property,
PGPP means Business and Profession,
Capital Gain, and other sources.
On whom are we discussing today?
Income Under Head, House Property.
So, let's move ahead with the discussion of House Property.
And let's talk about its Charging Section.
I had told you that for any head of income, first of all,
you have to see the Charging Section.
So, the Charging Section of House Property is Section 22.