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Treatment of Rental Income

Income Tax - Started By: - Srinivasan Krishnan - Dated:- 22-2-2016 Last Replied Date:- 23-2-2016 - HelloI am writing to seek expert opinion on claiming tax benefits through income derived from house rentalsI am an Income tax assesse, salaried class at 30% bracket working in a private sector. I do not have an HRA. I own an apartment in Chennai and I am renting out the apartment for ₹ 20000 per month from April 2016 onwards. The apartment I own is solely in my name only. Subsequently I am mo .....

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mother does not have any income the rental income will be tax free Alternately, Can I include the apartment I will be renting out for ₹ 20000 / month and the apartment I will be renting in for ₹ 40000 / month to my consultancy business to claim tax benefits, where I claim the rental income of ₹ 20000 as income received by the consultancy and at the same time I show an expenditure of ₹ 40000 + maintenance per month towards renting in an apartment to stay as expenditure. I .....

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