income from house property
This query is : Resolved
28 March 2009
while calculating income from house property do we deduct the maintainance charges paid for property along with the property tax paid or do we deduct olny the property tax amount?
K V Subba Rao
(Expert)
28 March 2009
Only Property Tax
Manmohan ACA, CS
(Expert)
28 March 2009
only munciple tax (property tax , water tax , sewerage tax or any other tax charge by local authority ) actually paid by owner is deductible.
standatd deduction allowed u/s 24(b) is for all (other then interest on loan ) revenue expenses related to the property , whether incurred, or not incurred, or extra incurred or less incurred
standatd deduction allowed u/s 24(b) is for all (other then interest on loan ) revenue expenses related to the property , whether incurred, or not incurred, or extra incurred or less incurred
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