Rental income from tenant of Previous owner House property

ITR Filing 258 views 2 replies

On March 2022 ,One NRI purchased house in india for residential purpose worth 1 crore and paid stamp duty of 20 lac. He also received one month rent 40k from a tenant who was living in that house before purchase. He lived one month and left the house. so what would be the tax treatment for rental income and tds for A.Y 2022-23 ? 

I showed one month rental income net of 30% deduction under house property.  For tds paid under sec 194ia in 26 as and stamp duty what would be right treatment ? 

Hope my query will be resolved.  Thanks 

 

Replies (2)
Technically, the NRI received the rent when he was not the owner. I am assuming the possession transferred while the agreement got signed later.
You have considered the rental income net of 30% deduction which is correct.
Claim tds credit reflecting using form 26AS
Take stamp duty deduction under 80C ( maximum deduction 150000 )

Hope your query is resolved.
Thanks
Query is resolved.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details