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House property

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(Querist)
30 January 2013 I have 1 house in which some portion i used for personal use & some portion of house given for rent.
i have paid property tax. what portion of Property Tax is allowed against the income earned from rent of house under "Income form House Property.
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kunal

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kunal (Expert)
30 January 2013 it should allowed on proportionate basis

e.g. property tax paid = rs 10,000
ration of use of house = 1:1
then property tax allowed is rs 5,000
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C.A. C.S. Meera Doshi

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C.A. C.S. Meera Doshi (Expert)
30 January 2013 I agree with Kunal. The Property Tax allowed would be proportionate to the area given on rent!




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