Is this taxable rent amount of 5000 per month

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student
28 Points Posted on 02 May 2020
dear seniors member
my friends have received 36000 ₹ per month.how many pay tax income from house property.
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On 02 May 2020 at 11:47 Report
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This discussion clarifies the tax implications of receiving £36,000 per month in rental income. The advice given is to declare this as 'Income from House Property' and file using ITR-1, assuming it's the only property income. It also notes that if the total income is less than £5 lakh, no tax may be payable.

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job
376 Points Posted on 02 May 2020
Is there any other income of that person ??
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On 02 May 2020 at 12:58
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student
28 Points Posted on 02 May 2020
No sir
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On 02 May 2020 at 13:15
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Student
23693 Points Posted on 02 May 2020
You have to show this Rental Income under the head "INCOME FROM HOUSE PROPERTY". File ITR-1 ( assuming that you have only 1 House Property Rental Income ).
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On 02 May 2020 at 14:22
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job
376 Points Posted on 03 May 2020
If income is less than 5lakh
no tax
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On 03 May 2020 at 02:21

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