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Income Tax - Highlights / Catch Notes

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Income from house property - allowability of society maintenance ...


Society Maintenance Charges Not Deductible from Rental Income; Rent Must Reflect Agreement Terms, Court Rules.

May 19, 2021

Case Laws     Income Tax     AT

Income from house property - allowability of society maintenance chares’ from rental income - to say that the actual rent received by the assessee was net of ‘society maintenance charges’, would not be correct as per the terms of the agreement entered into by the assessee. - AT

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