Income tax Return 2020-21


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This discussion addresses a query regarding the declaration of rental income for the financial year 2020-21. The user previously declared rental income of Rs. 72,000 for FY 2019-20 but received none in FY 2020-21 due to a vacant commercial property. The conversation seeks guidance on how to accurately report this on the Income Tax Return for the current year.

03 December 2021 Sir Last year FY 2019-20 the rental income of Rs. 72000/- annual received on shop (commercial) property and the above amount shown in Income Tax Return FY 2019-20 This year i.e FY 2020-21 no rental income received due to vacant shop. Please advise how many amount of rental income in Income tax Return of FY 2020-21
Thanks
Dharam Pal
9810600330

03 December 2021 TWO PROPERTIES CAN BE SELF OCCUPIED....

03 December 2021 This property is commercial not house property

03 December 2021 For FY 2019-20, under which head the rental income (Rs. 72,000/-) was declared?

03 December 2021 Rent Received in ITR-1

04 December 2021 Whether 30% standard deduction was availed from the rent?


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