https://www.taxtmi.com/caselaws?id=329535 Deductions from income from house property are confined to statutory allowances. Brokerage, legal expenses and insurance expenses are not permitted deductions, while maintenance charges may be allowed only when paid to a housing society and capable of verification. Interest on fixed deposits is taxable as income from other sources rather than business income. Expenditure claimed against that interest and other receipts is deductible only when incurred wholly and exclusively for earning the relevant income; absent that nexus, deduction is unavailable. The disallowances were sustained, subject to verification of eligible maintenance charges. en-us Wed, 08 Jun 2016 00:00:00 +0530 Mon, 04 Jul 2016 17:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329535 Deductions from income from house property are confined to statutory allowances. Brokerage, legal expenses and insurance expenses are not permitted deductions, while maintenance charges may be allowed only when paid to a housing society and capable of verification. Interest on fixed deposits is taxable as income from other sources rather than business income. Expenditure claimed against that interest and other receipts is deductible only when incurred wholly and exclusively for earning the relevant income; absent that nexus, deduction is unavailable. The disallowances were sustained, subject to verification of eligible maintenance charges. Case-Laws Income Tax Wed, 08 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329535