INCOME FROM HOUSE PROPERTY
This query is : Resolved
Pundalik Ravankar
(Querist)
20 January 2009
Hello,
Can anyone help me to know whether recovery of repairs expenditure from tenant would liable to tax ? If yes then under which head i.e. Income from house property or Income from other sources ? In either case whether any deduction can be claimed ? Can it be considered as capital receipt not liable to tax (Amount is Rs. 15,000/-) ?
Thank you
Can anyone help me to know whether recovery of repairs expenditure from tenant would liable to tax ? If yes then under which head i.e. Income from house property or Income from other sources ? In either case whether any deduction can be claimed ? Can it be considered as capital receipt not liable to tax (Amount is Rs. 15,000/-) ?
Thank you
CA Hemant T Dewani
(Expert)
20 January 2009
whether you are incurred this exp or not if this is part of rent or not
net receipt is causal income & this is income from other sources
net receipt is causal income & this is income from other sources
Pundalik Ravankar
(Querist)
20 January 2009
Thank you CA Hemant.
Repairs expenditure is incurred by the landlord and then claimed from tenant on actual basis. The intention is not to earn income out of that but to provide comfort to tenant. The money is first spent by the landlord and then recovered. Hence I believe there is no income out of it.
Repairs expenditure is incurred by the landlord and then claimed from tenant on actual basis. The intention is not to earn income out of that but to provide comfort to tenant. The money is first spent by the landlord and then recovered. Hence I believe there is no income out of it.
Dhirajlal Rambhia
(Expert)
07 November 2021
Being reimbursement from tenant, not taxable.
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
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- MSME disclosure and disallowance
- Taxation of crypto futures in India Fy 2026- 2027
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- Issuing of delivery challan by seller of goods
- EPF ECR NEW RULES Sep 17th 2026
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
