TaxTMI 
TaxTMI 
TaxTMI 
Income from House Property
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....ncome from House Property<br> Query (Issue) Started By: - AJAY AGRAWAL Dated:- 2-8-2016 Last Reply Date:- 2-8-2016 Income Tax<br>Got 1 Reply<br>Income Tax<br>As per agreement monthly house rent is &#....
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....8377; 10000/- & paid directly to land lord. In addition ₹ 2000/- Per month is paid by tenant to manager of society towards maintenance. Rent agreement has mention of these both amount. What amou....
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....nt is to be shown by land lord towards Income from House Property? Reply By Ganeshan Kalyani: The Reply: Sir, the maintenance amount should be included to call a income from house property. As per S....
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....ec. 24 of Income Tax Act, 1961 a standard deduction of 30% of Value is provided. Thus the maintenance amount would get covered under standard deduction. For ease of your reference I am reproducing the....
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.... relevant extract of the provision as under: [ Deductions from income from house property. 24. Income chargeable under the head "Income from house property" shall be computed after making ....
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....the following deductions, namely:- (a) a sum equal to thirty per cent of the annual value;.... Thanks.<br> Discussion Forum - Knowledge Sharing ....