deduction from rental income
This query is : Resolved
02 February 2009
I own a flat in DLF, Gurgaon. I have to make quaterly payments to DLF on account of maintenance charges for apartment, maintenance charges for parking, service tax on the above maintenance charges. Pl advise if I can claim deduction of this maintenance chages in total or in part of nothing.
02 February 2009
1) If self occupied,out of the above, nothing can be claimed for IT purpose.
2) If let out a sum equal to 30% of the annual value determined u/s 23 can be claimed as deduction,irrespective of the quantum of the above said payments,for computing the income from property.
2) If let out a sum equal to 30% of the annual value determined u/s 23 can be claimed as deduction,irrespective of the quantum of the above said payments,for computing the income from property.
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