Rental Income treatment when Structural Repairs & Renovation occured

This query is : Resolved

D M (Querist)
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19 June 2023 Hi Experts,
My Flat was unoccupied for 2 years and then we had incurred huge costs for Renovating the property & also the society asked for some structural building work for mandatory repair.

For last 9 months in FY 22-23 my flat is now been rented out but now how do I deduct above costs for its tenantable state?

Thanks,
DM

Dhirajlal Rambhia online

Dhirajlal Rambhia online

(Expert)
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19 June 2023 You are allowed to deduct 30% lump sum as standard deduction from the rent, for repairs and maintenance. No more deduction is applicable from rent.