The property is owned by the assessee & hence taxable under the head HP.
Is there any other concession other than concession u/s.24 for leased out property???
Menu
Concession for leased out property
Replies (1)
The assessee wud get a deduction of the Municipal Taxes paid agaisnt the property leased out from the Gross Rent received. On the Net Rent after deducion of taxes, Std deducion of 30% & decution on account of interest paid on loan for the property could be availed.
Recent Topics :
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
- Clarifications for intra day transactions
- CA FINAL FR FINANCIAL INSTRUMENTS (Ind AS 109) Dou
Related Topics :
CAclubindia
