banner_ad

Income from house property

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
27 July 2013 hi friends,

I Have one query relating Income from house property, one of the assessee during the year not received any rent 13,00,000 but the rent is adjusted against the advance given by tenant 13,00,000. The assessee taken the rental income in his computation as 8,00,000 after meeting expenses 5,00,000 (repairs and Interiors) to make the building useful condition. Explain whether it is correct if any case laws relating above case.
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
27 July 2013 The Tenant is required to deduct TDS on the amount paid for rent. In such a situation
adjustment of advance out rightly is a disputable matter.
.
Landlord is allowed 30% Deduction only from the Net Annual Value. Expenditure for repairs and upkeepment is not allowable.
.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
29 April 2026
Internal Auditor

SNCO

Mumbai

CA Inter

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
25 April 2026
Tax Executive/Manager

BDMV & Co, Chartered Accountants

Mumbai

CA Final

View Details
Company
03 May 2026
Senior Chartered Accountant

Nirmal Jain & Co

New Delhi

CA

View Details
Company
06 May 2026
Account Assistant / Article Clerk

V.K. Ranjan & Co(Chartered Accountants)

New Delhi

B.Com

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
ARTICLESHIP 02 May 2026
Accounts and Audit Assistant

Kothawade and Laddha

Thane

B.Com

View Details
Company
ARTICLESHIP 30 April 2026
Article Assistant

J SINGH & ASSOCIATES

Ahmedabad

CA Inter

View Details