Income fro house property

Gross Rent is considered as Taxable under Income Tax

For Example 

Entry -01

Rent   DR 100

Vendor  CR 90

TDS       CR 10

Entry -02

Bank Dr   90

Vendor CR 90

its individual assesse

Income from House Property- In this section should i consider Rs.35000/-rent per month or Rs.31500/-rent per month which is actually recd by my employee (Tenant gives him rent by deducting tds Rs.3500/- so amt credit to him.Rs.31500)

Originally posted by : Rudrayani Shedjale
	its individual assesse Income from House Property- In this section should i consider Rs.35000/-rent per month or Rs.31500/-rent per month which is actually recd by my employee (Tenant gives him rent by deducting tds Rs.3500/- so amt credit to him.Rs.31500)

Total  Income = 35000*12

Less Standard Deduction 30%

tds of Rs. 3500/-on Rs.35000/- has already been deducted by Tenant. So should i deduct tds on the same again?

Gross Rent should be taken at 35000. You are not supposed to deduct TDS again.