Property tax & land revenue

[Sanjeev Kanwar]

Hi

i have collected the rent from our tenant for last 10 yrs alonge with the property tax & land revenue which i have paid in pre.yrs

so i have to pay the the tax on only rent or rent pluse property tax & land revenue 

pls suggest

[CAGOPALJI AGRAWAL]

You have to pay tax on rent plus property tax but property tax is deductible from rental income

AI Summary

Clarification on Tax Obligations: Taxable Amount is Net Rental Income After Deducting Property Tax from Total Rent and Property Tax. A user inquired about tax obligations concerning rental income, property tax, and land revenue collected over ten years. They sought clarification on whether tax is payable solely on rent or on the combined total of rent, property tax, and land revenue. A respondent clarified that tax is due on the total of rent plus property tax, but noted that property tax is deductible from the rental income, implying that the taxable amount is the net rental income after deducting property tax.