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Rebates on Rental Income
Can we claim rebate on Annual Maintenance Charges paid to RWA or Builder ? I received 4.8 lac rent and paid 60000 as AMC to RWA.
Replies (6)
no you can't claim
u can claim 30% deduction
u/s 24a
u/s 24a
480000* 30% = 144000
30% is standard deduction allowed to all let out properties
Had the tenant paid AMC direct to RWA instead of routing through me? Tenant is paying Rs 5000/pm as AMC to me
if it is shown as business income then you can claim amc. income under house property, only standard deduction and interest on borrowed capital is allowed
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