House property
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 June 2012
Hello Friends can u help me out.
I am the flat owner in delhi.
i HAVE paid ground rent To DDA i addition to this i have incurred maintenance expenses for the same.
tell me whether both these expenses incurred are eligible for deduction from house property income?????
Thanks
I am the flat owner in delhi.
i HAVE paid ground rent To DDA i addition to this i have incurred maintenance expenses for the same.
tell me whether both these expenses incurred are eligible for deduction from house property income?????
Thanks
27 June 2012
There is a specific standard deduction of 30% is allowable irrespective of your actual expenses like maintenance and others in computing Income from house property , no other expenses are allowed except municipal taxes and interest paid on loan taken for construction or repairs to the house property..
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Querist : Anonymous
Querist :
Anonymous
(Querist)
27 June 2012
thank you Sir,
So you mean ground rent paid to dda is not eligible for deduction?
So you mean ground rent paid to dda is not eligible for deduction?
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