§20
Section 20 — Income from house property
In plain terms: This section is the charging section for house property income. The annual value of buildings or land attached to them that you own is taxed under the head "Income from house property". A part of the property that you use for your own business or profession is left out, because that profit is taxed under business income.
(1) The annual value of property consisting of any buildings or lands appurtenant thereto, owned by the assessee shall be chargeable to income-tax under the head "Income from house property".
(2) The provisions of sub-section (1) shall not apply to such portions of the property, as the assessee may occupy for his business or profession, the profits of which are chargeable to income-tax.