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house rent income

Tax queries 536 views 39 replies
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lecturer
63 Points Posted on 29 July 2017
I own one house.i have given on rental basis 20000 monthly.i am staying as tenant in other person house giving him 20000 rent monthly.i receive hra 6500.how is tax calculated
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On 29 July 2017 at 20:53 Report
Replies (39)
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"Do the Right Thing...!!!"
128152 Points Posted on 29 July 2017
Rental income is "Income from House Property"
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On 29 July 2017 at 20:58
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lecturer
63 Points Posted on 29 July 2017
but have only house
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On 29 July 2017 at 20:59
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lecturer
63 Points Posted on 29 July 2017
but have only one house
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On 29 July 2017 at 21:00
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CA Practice
3577 Points Posted on 29 July 2017
Due date is approaching soon please contact a local CA.
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On 29 July 2017 at 21:07
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Chartered Accountant
86505 Points Posted on 29 July 2017
HRA is fully taxable as you own your own house.
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On 29 July 2017 at 21:12
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lecturer
63 Points Posted on 29 July 2017
but I have given my house on rent 20000 and staying at other person house as tenant giving him 20000 rent
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On 29 July 2017 at 21:18
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"Do the Right Thing...!!!"
128152 Points Posted on 29 July 2017
How rent allow Max 24000.But, it's apply after some calculations.....

And Your received HRA is also Taxable...
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On 29 July 2017 at 21:25
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"Do the Right Thing...!!!"
128152 Points Posted on 29 July 2017
(but I have given my house on rent 20000 and staying at other person house as tenant giving him 20000 rent)
If I'm going to any tour, I ll stay small hotel. But, Ambani is staying 5star it's not a matter, You give 20000 or 20,00,000. Income tax Dept can't allow....
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On 29 July 2017 at 21:27
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lecturer
63 Points Posted on 29 July 2017
what tax amount should I pay for receiving 20000 rent with 20 percent
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On 29 July 2017 at 21:35
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lecturer
63 Points Posted on 29 July 2017
is there any exemption
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On 29 July 2017 at 21:37
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lecturer
63 Points Posted on 29 July 2017
is there any exemption
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On 29 July 2017 at 21:38
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"Do the Right Thing...!!!"
128152 Points Posted on 29 July 2017
Your tax calculate based your income. After deductions then what figure ll be come then calculate tax on income.....
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On 29 July 2017 at 21:39
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lecturer
63 Points Posted on 29 July 2017
mumbai is very big for convience for saving time of travelling I do it
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On 29 July 2017 at 21:39
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lecturer
63 Points Posted on 29 July 2017
what will be tax to be paid in 20 percent slab
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On 29 July 2017 at 21:41


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