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amber agrawal (student)     19 September 2014

Income from house property

my client has a large income from house property. is there any other deduction which can be claimed other than standard deduction?


 9 Replies

Mihir

Mihir (Wealth Manager)     19 September 2014

Municipal property tax paid can be claimed as deduction.
 

Aditi Dosi

Aditi Dosi (CA Final Student)     19 September 2014

interest on loan borrowed for constuction of house property
Krishna Agarwal

Krishna Agarwal (Student)     19 September 2014

Unrealized rent can be claimed
khushi

khushi (student)     19 September 2014

Vacancy allowance (if any)
Brahma Nand

Brahma Nand (Finance associates)     20 September 2014

10 lac above service tax applicable
DHIRAJ JAIN

DHIRAJ JAIN (00)     21 September 2014

Make it main objective of business than claim its income under head of PGBP.
DHIRAJ JAIN

DHIRAJ JAIN (00)     21 September 2014

Make it main objective of business than claim its income under head of PGBP. After that we can claim other expenses without no limit !
rohit

rohit (student)     22 September 2014

House property income has to be assessed as house property assessment and cant be assessed as normal business income even though assessee's main source of income is from house property.

amber agrawal

amber agrawal (student)     22 September 2014

Dheeraj I think we can't assess house property income in pgbp

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