Tax on rental income

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Querist : Anonymous

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Querist : Anonymous (Querist)
16 January 2014 Dear Sir,

Last month I inherited certain property form which I am getting rental income which comes around Rs.600000/- per annum. Can I claim any other amount other than the 20% for maintenance? If so under what head.

16 January 2014 It is 30% ,and not 20% ,u/s 24(a) of the Income tax Act,1961. Building tax paid , levied by local authority,also can be deducted.

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 January 2014 Thank you Mr. Warrier for your guidance.


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