Income from house property

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3 Points Posted on 26 July 2020
can I deduct the maintenance charges paid to the association
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On 26 July 2020 at 20:05 Report
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Quick Summary
When calculating income from a house property, maintenance charges paid to an association are generally not deductible. The Income Tax Act provides a standard 30% deduction which is intended to cover such expenses. Eligible deductions are typically limited to municipal or property taxes and interest on loans taken for the property.

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Non
25 Points Posted on 26 July 2020
No , as 30% deduction given by act covers all such charge like maintenance charges, pipe fittings charge etc.
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On 26 July 2020 at 20:31
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Tax and Business Consultant
11616 Points Posted on 26 July 2020
No, Deduction of maintenance charges paid to the association is not allowed, You can't deduct that from house property Income.
In house property, deduction is allowed only for municipal tax/property tax and interest on loan taken apart from standard deduction of 30%
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On 26 July 2020 at 20:46
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1102 Points Posted on 26 July 2020
No, Only municipal tax paid are allowed as deduction, no other exp are allowed
as 30% standard deduction is allowed sec 24 cover these all.
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On 26 July 2020 at 22:54
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Practising CA
8954 Points Posted on 27 July 2020
Only the property tax component from the entire maintenance bill shall be eligible for deduction.
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On 27 July 2020 at 02:10

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