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Re: rent income from residential property

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 December 2016 Sir/Madam
What are the deductions allowed in the case of income from renting your residential property. Is maintenance and repair fund paid for the house be used for deduction from the income of renting your house. Any other deductions.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
29 December 2016 For letout property you can claim the deduction u/s.24. repairs & maintenance 30% of annual value & Interest on borrowed capital is actual value
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