While computing income chargeable to tax under the head “Income from house property” in the case of a let-out property, what are the expenses to be deducted from gross annual value?

Deductions for let-out property limited to municipal taxes paid, standard deduction, and interest on borrowed capital.

Deductions from gross annual value for a let-out property are limited to municipal taxes actually paid by the owner during the year, a standard deduction calculated on net annual value, and interest on capital borrowed for purchase, construction, repair, renewal or reconstruction of the property; municipal taxes due but unpaid and taxes borne by the tenant are not deductible and no other expenditures are allowable.