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?

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? https://www.taxtmi.com/manuals?id=4066 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. en-us Sat, 23 Dec 2023 13:08:00 +0530 Wed, 10 Jan 2024 14:42:00 +0530 TaxTMI RSS Generator 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? https://www.taxtmi.com/manuals?id=4066 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. Manuals Income Tax Sat, 23 Dec 2023 13:08:00 +0530 https://www.taxtmi.com/manuals?id=4066