Higher amount of property tax payment
This query is : Resolved
03 June 2013
Friends please clarify me
Example : A Minor having House property income. Details are as follows:
Annual Rental income 210000
Less: Property tax paid(including arrears) 236000
Gross annual income -26000
Standard Deduction 0
Interest on house property loan 0
Net Annual Income -26000
This loss is allowed for clubbing of minor income
Example : A Minor having House property income. Details are as follows:
Annual Rental income 210000
Less: Property tax paid(including arrears) 236000
Gross annual income -26000
Standard Deduction 0
Interest on house property loan 0
Net Annual Income -26000
This loss is allowed for clubbing of minor income
CMA Ramesh Krishnan
(Expert)
09 September 2013
yes. House property income Rs.26000 need to club with parents
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