Rental income

X+Y=RENT 

Ask your tenant to directly deposit the maintainance to the society . You will save some . 

As I understand, maintenance charges received is in nature of income for other services offered.  Hence taxable as businees income/ income from other sources as applicable. Actual rent received can only be considered for calculating income from house property.  Pls correct me if I am wrong.

Originally posted by : Poornima M
	As I understand, maintenance charges received is in nature of income for other services offered.  Hence taxable as businees income/ income from other sources as applicable. Actual rent received can only be considered for calculating income from house property.  Pls correct me if I am wrong.

I understand that Actual rent received can only be considered for calculating income from house property. But Maintenance charges paid by the tenant directly to the housing society will not be considered as my income. Also, since only the rent is credited to my bank account, it will be my income from house property.  But, i am not sure if my perception is right.

As you have mentioned that a sum of Rs X is rent that needs to be taken into account  in the Rent collected coloumn other Income Y will come under other sources