Are there some properties where income received is not taxable?
• Income from any farmhouse forming part of agricultural income; • Annual value of any one palace in the occupation of an ex-ruler; • Property Income of a local authority; • Property income of any registered trade union; • Property income of a member of a Scheduled Tribe; • Property income of a statutory corporation or an institution or association financed by the Government for promoting the interests of the members either of the Scheduled Castes or Scheduled tribes or both; • Property income of a corporation, established by the Central Govt. or any State Govt. for promoting the interests of members of a minority group; • Property income of a cooperative society, formed for promoting the interests of the members either of the Scheduled Castes or Scheduled tribes or both; • Property Income, derived from the letting of go-downs or warehouses for storage, processing or facilitating the marketing of commodities by an authority constituted under any law for the marketing of commodities; •
