Income tax Return 2020-21


This query is : Resolved 

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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.

(Querist)
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....

Dharam Pal (Querist)
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?

Dharam Pal (Querist)
03 December 2021 Rent Received in ITR-1

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


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