Dear Sir,
I Shall be very glad to have your suggestion for the following.
For A.Y 2021-22,My Income From House Property will be Rs.4165350/-(Gross rental income 62,00,500 Less Property Tax Rs.250000/- Less Standard deduction u/s 24(a) Rs.1785150)and income from other sources Rs.21,00,000/-.Thus the total income comes to Rs.62,65,350/-If Opt for New Rate without any exemption or deduction can I pay tax on the income as Above said after availing deduction in Property Income? or Have I to Compute tax taking into account entire rental income.Please Guide me shall I take Agriculture Income if any for Rate Purposes?.
@ meena
hv u paid advance tax..
pay immediately.
if provide such details.
if u want to claim exemption
you can avail the new scheme.
CAclubindia
