I am a salaried indivitual and I am receiveing a monthly rent (50K) of which 50% is been already paid as advance (5L advance to be adjusted in 20 months rent) and now the actual rent to be payed is 25K and they deduct the 10% TDS on the full rent (50K) which comes around 5K and i receive 20K (25K - 5K) every month. The 26AS shows that TDS is deducted for 50K but for me the actual amount is only 20K*12. Should i show 45K*12 or just 20K*12 in as my income?
also i am planning to put Village office+municipal taxes + electrcity advance payment, on that bulding to be lessed form the total income is this ok?
thanks in advance
abhay,