CA Final/Inter Fast track classes available for May 20 attempt. Call: 1800-3000-0505

Rental Income

This query is : Resolved 

Ay 20-21 if the rental income is upto Rs 5 lacs of a femal senior citizen, whether the said income will be taxable ?

Yes.It is taxable. But rebate can be claimed under section 87A. So no need to pay tax.For this you must file ITR on time

considering the standard deduction of 30%, the income would be below taxable

You need to be the querist or approved CAclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

CA Learning