I receive 45000 per month rent for a residential rental property which also includes 10000 of society maintenance charges. I pay maintenance for the society. Can I consider 35000 as rent for tax purposes and report it on my returns, or I need to report 45000? In the rental agreement it is specified that rent includes maintenance.
Menu
Tax clarification on rental income
Replies (2)
Quick Summary
Unless specifically specied in agreeement; rent liability would be over Rs. 45,000/-
Stick to the leave and license agreement.
Recent Topics :
- Clarification on September 2026 PF Calculation for
- DRC-03 interest paid under CGST/SGST instead of IG
- GSTR1 amendment Bulk bills
- Capital Gain on Sale of Gold
- GST SALES RETURN MISSING 2025-26 FY
- Enquiry on FAST-DS system generated email
- Capital gain on sale of agriculture land
- Demand from TRACES
- FY 2025-26 ITC CLAIM DUE DATE
- 96084000 and 48202000 HSN code ka Tax Rate kya hai
Related Topics :
CAclubindia
