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30% exemption on tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 July 2015 Me & my husband both are government servant in one institute. We have 2 flats . One is on my name & other is on husband’s name. We show it’s principle & interest amount 50%-50% in our salary. Rent of both the flats is also shown 50-50 in Income Tax Return.
On it’s society,corporation tax & maintenance 30% exemption is applied. So how to show it in return?
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Amol S Joglekar

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Amol S Joglekar (Expert)
24 July 2015 show it under rental income. There is a separate column....the same shall be shown 50-50% as above.
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