It deduction on rent

This query is : Resolved

Swarna kamal Chandra (Querist)
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03 January 2016 I own a house property which I inherited from my father. The house is tenanted and the tenant is not paying any rent since 1986 and my father filed a suit for eviction. After my father death, I got the decree and put it into execution. My father used to stay at his younger brother's residence on the basis of love and affection. After my father death, my said uncle pressurized me to leave the premises. So I moved it to a rental accommodation. Now I want to know:

1) Whether I am entitled to get Income Tax deduction for rental accommodation/ rent I had paid?

2) Whether I am entitled to get Income Tax deduction for municipal tax which I had paid?
3) Whether I am entitled to get Income Tax deduction for the stamp duties, lawyers fees and miscleneous expenses?

Thanking You
Swarna kamal Chandra

CA CMA CS Ram Pavan Kumar Melam

CA CMA CS Ram Pavan Kumar Melam (Expert)
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03 January 2016 1. Rent payment can be claimed u/s 80GG every year;
2. Municipal taxes paid can deducted from rent received i.e. income from let out house property under proviso to section 23 of IT Act, 1961;
3. stamp duty, registration fee etc. for purchase of residential property are eligible for deduction u/s 80C.

Relevancy of the above provisions to your case is to checked.

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