If you have a commercial property that remained unrented for the financial year, you might be wondering how to declare the associated costs like municipal taxes and maintenance. Unfortunately, these expenses can only be adjusted against any rental income received from the property. They cannot be used to offset other sources of income you may have.
25 August 2025
I have a self occupied house property and one commercial property. This office space I was unable to rent it during FY 24-25 but I had paid municipal taxes and also maintenance charges . How do I show this in my return? Is loss under house property allowed and adjusted against other income ? Thanks