Rental income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 August 2013
my mother who is a senior citizen has a rental income of 234000 in a.y.2013-14 apart from family pension of 64000.what is her tax liability&is any portion of rental income exempt from tax.
urgency requested in view of last date tommorrow.
thanks
urgency requested in view of last date tommorrow.
thanks
04 August 2013
Rental income covered under Income from house property and deduction u/s.24a& 24b can be claimed. family pension taxable income from other sources and 1/3rd of the pension or Rs.15000 which ever is lower is exempted.
Need to file ITR-2
Need to file ITR-2
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