Rent
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 March 2015
Dear sir,
I have rental income amount of Rs.80 lacs.
I am appoint one person for rent collection. His salary 7000/-P.M.
My clarification his salary deduction my rental income ?
Pl give suggestion how compute my income computation
I have rental income amount of Rs.80 lacs.
I am appoint one person for rent collection. His salary 7000/-P.M.
My clarification his salary deduction my rental income ?
Pl give suggestion how compute my income computation
13 March 2015
As per section 24 only two deductions are available out of rental income:
1. 30% standard deduction for repairs
2. Interest on borrowed capital if any.
As section 24 is very much clear on this point no other deduction is available out of rental income.
1. 30% standard deduction for repairs
2. Interest on borrowed capital if any.
As section 24 is very much clear on this point no other deduction is available out of rental income.
13 March 2015
this exp of salary paid is not allowed as deduction.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Refund of AY 22-23
- Tax on capital gains revoked us 54f
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Inventory of finished goods
- TDR receipts for agreement holder
- Applicability of Ind As to associate of associate
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Disallowance of Section 43B(h) to sez units
- Confusion around Form 26QB fields
- GST REFUND ON EXPORT EXPENSES OF EXEMPTED GOODS
- GSTR9 and 9c
- Ineligible ITC taken
- Vivad se vishwas scheme 2024 new
- 115TD on cancellation of 12A 80G Registration
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
