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house rent income

ketan (lecturer) (63 Points)

29 July 2017

I own one house.i have given on rental basis 20000 monthly.i am staying as tenant in other person house giving him 20000 rent monthly.i receive hra 6500.how is tax calculated

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39 Replies

RAJA P M ("Do the Right Thing...!!!") (127167 Points)
Replied 29 July 2017

Rental income is "Income from House Property"

ketan (lecturer) (63 Points)
Replied 29 July 2017

but have only house

ketan (lecturer) (63 Points)
Replied 29 July 2017

but have only one house

Studentsca (CA Practice ) (3577 Points)
Replied 29 July 2017

Due date is approaching soon please contact a local CA.

CA Rashmi Gandhi (Chartered Accountant) (86220 Points)
Replied 29 July 2017

HRA is fully taxable as you own your own house.

ketan (lecturer) (63 Points)
Replied 29 July 2017

but I have given my house on rent 20000 and staying at other person house as tenant giving him 20000 rent

RAJA P M ("Do the Right Thing...!!!") (127167 Points)
Replied 29 July 2017

How rent allow Max 24000.But, it's apply after some calculations.....

And Your received HRA is also Taxable...

RAJA P M ("Do the Right Thing...!!!") (127167 Points)
Replied 29 July 2017

(but I have given my house on rent 20000 and staying at other person house as tenant giving him 20000 rent)
If I'm going to any tour, I ll stay small hotel. But, Ambani is staying 5star it's not a matter, You give 20000 or 20,00,000. Income tax Dept can't allow....