banner_ad

IFOS.

178 views 3 replies
Mr S. gifted a let out building which has rental income 10500/M to his son's wife on 1-11-2016.
municipal tax of rs 6000 paid on 10-01-2017.
total income from Ifos (computed) amounts to rs 260000 except from above property

income chargeable to tax
Replies (3)

There is a similar question in practice manual in clubbing chapter.

i dont have a PM manish
can you tellme the answer

It will be clubbed to Mr. S's incomes u/s 64.

Rent for 5 months (Nov - Mar), less municipal tax and 30 % deduction.

 

And, you should always refer practice manual.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details