Menu
Income Tax on Rental Income: How Much Rent is Tax Free?
Replies (2)
There is little addition to it .... PROVIDED YOU DO NOT HAVE ANY OTHER INCOME CHARGEABLE TO INCOME TAX ACT.
If you have salary income, and if your total taxable income is above Rs. 2.50 lakhs, you need to pay IT.
Dont test the rental income alone to the exemption limit of 2.5 lacs. you must take all your incomes.
Recent Threads
- How to show SGB interest in iTR
- How to file income tax return of ATM franchisee bu
- ITR Filing in case of deceased person
- Stuck with Schedule FSI in ITR 3
- Rental property gst claim genrator expense
- Gst on rental.
- TDS on Rent on joint property
- Cost of acquisition of a residential property acqu
- Updated IT Returns u/s 139 (8A)
- Conversion of Capital Asset (Shares) into Stock in
Related Threads
CAclubindia
