claiming property tax n maintenance charges in house income
Prabhakar Nath Sharma (92 Points)
24 June 2018Prabhakar Nath Sharma (92 Points)
24 June 2018
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195703 Points)
Replied 24 June 2018
Gross property rental income under HP..... Rs. 4,80,000/-
Less: property/ municipal tax...... Rs. 10.560/-
Net rental income Rs. 4,69,440/-
Less: Standard Deduction @ 30%.S24(a) Rs. 1,40,832/-
(this deduction includes all the maintainance and repairs charges)