Income from house property
This query is : Resolved
31 January 2012
Hi friend
Can somebody clarify my doubt that, can I claim the Standard deduction of 30% towards the maintenance & deduction of Society maitenance & property tax paid by me located in Mumbai? Even though I suppose to receive the rent for Feb & Mar-12.In other words my house was vacant from Apr-11 to Jan-12 & I paid the above tax & maintenance.please provide me the sections so that it will help us in future reference.
Can somebody clarify my doubt that, can I claim the Standard deduction of 30% towards the maintenance & deduction of Society maitenance & property tax paid by me located in Mumbai? Even though I suppose to receive the rent for Feb & Mar-12.In other words my house was vacant from Apr-11 to Jan-12 & I paid the above tax & maintenance.please provide me the sections so that it will help us in future reference.
31 January 2012
Please make calculation as under-
Income Taxable as House Property Income-
Rent Received xxxxx
Less: Municipal Taxes Paid xxxx
-------
Net Annual Value xxxxx
Deduct 30% of Net Annual Value xxxxx
-------
Income Taxable as House Property Income-
Rent Received xxxxx
Less: Municipal Taxes Paid xxxx
-------
Net Annual Value xxxxx
Deduct 30% of Net Annual Value xxxxx
-------
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
- House Property Reporting in ITR
- Refund Annexure-B
- TDS Claim year
- Internship/Academic shown in Salary Pay Slip of a Doctor
- Refund of 20%pre-deposit paid for stay application
- TDS Challan Code
- Rent lease agreement
- Liable to deduct tds and 44ADA
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- E Commerce GSTR1 & 3B how to file
- 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
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
