tax on house income
This query is : Resolved
28 November 2014
I receive, for twelve months, Rs.60000/= as rent from my let out apartment. I show this amount as house income in my tax returns.This year the apt was vacant for four months. While filing my tax returns for the financial year 2014-2o15 . have I to show rent received for eight or twelve months?. Please clarify/
28 November 2014
Show rent for 12 months and claim vacancy allowance for 4 months. The net income will be for 8 months.
18 December 2014
rent will taxable of 8 month .
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