Menu
claiming property tax n maintenance charges in house income
How to claim for tax deduction on property tax and maintenance charges from rental income ..ok guide ...I have 40000/- rental income ....10560/-property tax paid and (1316/-per month )paid maintenance charges total 15792/- pl guide
Replies (2)
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)
annual income is 40000/- only not per month
Recent Topics :
- NRI, ITR-2 FY 2025-26: AIS Part B2 (SFT) shows hig
- Generate E-Way Bill for 4 Nos. Suppliers Involveme
- Section 54F Exemption
- Would you use a free, open-source alternative to s
- Business & Finance
- Report in GSTR 1 ( Credit Note ) for Wrong GST Rat
- Reply of summons issued under section 70 of the cg
- How to Bulk GSTIN Number Verify and Validation
- OPC Annual Filing Defaults – Need Guidance t
- OPC Annual Filing Defaults – Need Guidance t
Related Topics :
CAclubindia
