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Re: rent income

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(Querist)
12 March 2019 Dear All

I have a query about rental income.

GAV 540000
- MT 0
NAV 540000

-Less SD30% 162000

TAXABLE 378000

Whether we can claim 2.5 lacs exemption for this or pay full tax on the value

Please do the needful
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K Srinivas, CMA CS

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K Srinivas, CMA CS (Expert)
12 March 2019 yes, exemption upto Rs.2.50 lakhs is available against this rental income.

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