Prashant Balkrishna Thanekar (Accounts Manager) (181 Points)
20 July 2023I have a rent income from House Property which I added in my income. But I spent some amount for repairs of the same property. Can I deduct these expenses from My rent income while filing I T Return
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(180974 Points)
Replied 20 July 2023
NO. NOT ALLOWED EXCEPT STANDARD DEDUCTION OF 30% UNDER SEC. 24.
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
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