Maintenance charges
This query is : Resolved
MANOJ KUMAR SINHA
(Querist)
29 December 2009
I live in a flat owned by me in a Housing Complex. I pay certain amount annually to our Housing Society as maintenance charges, which includes maintenance outside my flat; charges for any work inside my flat will have to be borne by me.
Am I eligible for deductions of the amount I pay towards the annual maintenance from my Gross Salary while computing my Income Tax ?
I live in a flat owned by me in a Housing Complex. I pay certain amount annually to our Housing Society as maintenance charges, which includes maintenance outside my flat; charges for any work inside my flat will have to be borne by me.
Am I eligible for deductions of the amount I pay towards the annual maintenance from my Gross Salary while computing my Income Tax ?
CA Sidhi Gaur
(Expert)
30 December 2009
no, deduction is not allowed from salary income.it will be considered as cost of improvement.
Murtaza I Bhagat
(Expert)
30 December 2009
agree with expert, its not subject to salary.
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