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Higher amount of property tax payment

This query is : Resolved 
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(Querist)
03 June 2013 Friends please clarify me

Example : A Minor having House property income. Details are as follows:

Annual Rental income 210000
Less: Property tax paid(including arrears) 236000

Gross annual income -26000
Standard Deduction 0
Interest on house property loan 0

Net Annual Income -26000

This loss is allowed for clubbing of minor income
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
09 September 2013 yes. House property income Rs.26000 need to club with parents

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