TMI BlogIncome from House PropertyX X X X Extracts X X X X X X X X Extracts X X X X ..... As per agreement monthly house rent is ₹ 10000/- paid directly to land lord. In addition ₹ 2000/- Per month is paid by tenant to manager of society towards maintenance. Rent agreement ha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s mention of these both amount. What amount 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 t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o call a income from house property. As per Sec. 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . For ease of your reference I am reproducing the relevant extract of the provision as under: [ Deductions from income from house property . 24. Income chargeable under the head Income fro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... m house property shall be computed after making the following deductions, namely:- ( a ) a sum equal to thirty per cent of the annual value;.... Thanks. - Income from House Property - Query ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Started By: - AJAY AGRAWAL Dated:- 2-8-2016 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagem ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... entindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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