Deductions from gross rent include local taxes, service tax, a repair allowance, and interest on borrowing for the property.

Clause 26 allows deductions from gross rent consisting of taxes levied by local authorities actually paid, tax on services paid to the Central Government in respect of rent when actually paid, a repair and maintenance allowance equal to twenty per cent of gross rent, and interest on capital borrowed for acquiring, constructing, repairing, renewing or reconstructing the property, including interest on capital borrowed to repay such borrowing; aggregate deduction is nil for properties excluded elsewhere in the Bill.

---

---

---