Rental income from Commercial House property


This query is : Resolved 

Quick Summary
This discussion addresses whether an individual can claim specific expenses, such as monthly maintenance, to reduce taxable rental income from a commercial property. The response clarifies that only the standard deduction of 30% is permissible under the head 'Income from House Property'.

11 September 2021 Dear Sir,

I earn a rental income from Commercial House property and business income as contract income.
Can I book any expenses with regards to income earned from house property like monthly maintenance expenses or any other to reduce the Taxable income from rent.

Please help me in this matter.

Regards,
Divyesh Jain

12 September 2021 No. No more than standard deduction of 30% is allowed u/h. IFHP

12 September 2021 Ok, Thanks a lot for sharing your valuable feedback

22 September 2021 Most Welcome....



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