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Rental income
Is Rental income under 1lac p.a. taxable?
Replies (5)
rental income is taxable and you have to disclose in ITR, But tax liability will be depend on your total income
how can we show rental income deducting maintanance amount ?
Maintenance cannot be claimed as expense from rental income, however you get 30% standard deduction from the rental income.
If i am in 20% slab , i have to pay 20% tax on rental income even if it is under 1 lac?
Yes you have to
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