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?
28 March 2009
Only Property Tax
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
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
- Refund Annexure-B
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Sale of Equity shares for Purchase of Residential Property
- Liable to deduct tds and 44ADA
- Two seprate Invoice needed
- Payment to foreign customer
- Non issue of e way bill
- ECO SUPPLY REPORTIONG IN GSTR-1
- E Commerce GSTR1 & 3B how to file
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS PROCEDURE ON SALE OF IMMOVABLE PROPERTY BY NRI
- Refund of 20%pre-deposit paid for stay application
- ASISSE return under the provisions of the Collection of Statistics Act, 2008 (7 of 2009)
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
