Income from house property

Hi Shanu

You can avail 30% standard deduction on rent income and muncipal tax on the basis of actual payment is also available for deduction. Howvever, you can not avail deduction of Society Maintainence Charges.

Thanks

The 30% deduction which you can avail includes all types of charges. No any other dedution is available except interest.

Standard deduction @ 30% under section 24 is available after deducting municipal tax(if actually paid) from rental income. However no deduction is available for society maintenance charges.

Thank u for your suggesstion..So now its clear I cannot avail deduction of society maintainance charge..

Thank You!!

So do we need to submit proof for this 30% deduction? And when?

Originally posted by : MANISH BINDAL

Standard deduction @ 30% under section 24 is available after deducting municipal tax(if actually paid) from rental income. However no deduction is available for society maintenance charges.

Do we need to submit proof against this 30%?

And when?