Save Rs 588 on a 2-Year Ad-Free CAclubindia Pro Membership. Subscribe Now!

House property

Save Share

Join Us Follow Us Add as Source

This query is : Open

Report Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

27 June 2012 Hello Friends can u help me out.
I am the flat owner in delhi.
i HAVE paid ground rent To DDA i addition to this i have incurred maintenance expenses for the same.
tell me whether both these expenses incurred are eligible for deduction from house property income?????

Thanks

CA Dileep Surya Kumar

CA Dileep Surya Kumar (Expert)
Follow

27 June 2012 There is a specific standard deduction of 30% is allowable irrespective of your actual expenses like maintenance and others in computing Income from house property , no other expenses are allowed except municipal taxes and interest paid on loan taken for construction or repairs to the house property..

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

27 June 2012 thank you Sir,
So you mean ground rent paid to dda is not eligible for deduction?

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now