Hi Experts,
If someone is earning only rental income of Rs Rs 527850 per month and bank interests on sbi fd of 1.5L.
There is tds of 2% and 5% processing fees deducted on Rs 527850.
How much will be his taxable income and what could be suggested to him for maximum savings of his tax?
Sec. 24(b) of the act can save 30%, while chapter VI A can some more...
| Originally posted by : Dhirajlal Rambhia | ||
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Sec. 24(b) of the act can save 30%, while chapter VI A can some more... |  |
But problem is that, sir its not a rental on house. Its rental on server
Much better if it can be your business income ...
Ok means this kind of income is categorised as business income rather than rental income? If yes then please suggest how to save maximum on this.
CAclubindia
