Deduction on the Rental Income of Second House Property under the Income Tax Act

Last updated: 24 December 2021

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The Income Tax Appellate Tribunal has ruled in favour of an assessee regarding rental income from a second property. While the tax authorities disallowed a standard deduction on rental income from a Pune flat, the Tribunal found their reasoning insufficient. The Tribunal directed the Assessing Officer to allow the standard deduction on the rental income from the second house property, similar to the deduction granted for the Ahmedabad property.

Court :
ITAT Ahmedabad

Brief :
The assessee is in appeal before the Tribunal against the order of learned Commissioner of Income-Tax (Appeals)-13, Ahmedabad [“CIT(A)” in short] dated 25.03.2019 passed for Assessment Year 2016-17.

Citation :
ITA No. 875/Ahd/2019

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1 Year PLAN

1999

(Excl. of GST ₹359)

2 Years PLAN

3499

(Excl. of GST ₹629)

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3 Years PLAN

4999

(Excl. of GST ₹899)

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Attached File : 1442821_4706_1638438230_smc_ita_no_875_ahd_2019__taheri_hatim_sarsanwala.pdf

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Judgement posted by

Poojitha Raam Vinay

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I simplify complex income tax, TDS, banking, and investment updates into practical insights for taxpayers, salaried professionals, pensioners, and senior citizens. I regularly write on ITR filing, tax compliance, savings schemes, and the latest financial rule changes in India.

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