Deductions against renting property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 November 2013
Expenses incurred during renting the property to someone i.e. Professional or consultancy fees.........Can a individual claim deduction against Rental income.
Guest
Guest
(Expert)
26 November 2013
No.. Only Standard Deduction and Interest on Borrowing is allowed as a deduction..
Municipal taxes are also allowed on payment basis and only if they are paid by the Owner.
No other expeses are allowed as a deduction from house property Income
Municipal taxes are also allowed on payment basis and only if they are paid by the Owner.
No other expeses are allowed as a deduction from house property Income
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- GST ON DAMAGED GOODS
- Specified Profession
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
