Menu
Income from house property
i rented house & got rent Rs. 72000/- during the FY 2017-18. i want to know this full amount is taxable or any deduction will get from above rent rec'd. please let me know.
Replies (2)
yes if u have taken a loan then u will ger an exemption of interest u/s 24a and a standard deduction of 30% of net annual value .
net annual value = gross annual value - municipal tax paid .
net annual value = gross annual value - municipal tax paid .
72000 - municipal tax paid =Net annual value - 30% of net annual value - interest paid on loan taken for house = Net income from house property.
if any repayment of house loan can be deducted u/s 80C
if any repayment of house loan can be deducted u/s 80C
Recent Topics :
- SUPPLEMENTARY AGREEMENT FOR ADDING A PARTER IN TN
- Part availmement of ITC in case of rejection of su
- Due date for itr 5 no audit with loss for fy 25 26
- Capital Gains Mismatch AIS
- Inward E-way bill from Tally Prime 7.1
- Query regarding exemption under Section 10(10AA) &
- NPO registered under sec 8 itr filing
- Form 144 (Earlier 27Q) – Reason Code (A/C/G/
- Nps taxation
- Representative assessee
Related Topics :
CAclubindia
