Harry Singh (5 Points)
06 November 2022Hi Experts,
If someone is earning only rental income of Rs Rs 527850 per month and bank interests on sbi fd of 1.5L.
There is tds of 2% and 5% processing fees deducted on Rs 527850.
How much will be his taxable income and what could be suggested to him for maximum savings of his tax?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178108 Points)
Replied 06 November 2022
Sec. 24(b) of the act can save 30%, while chapter VI A can some more...
Harry Singh
(5 Points)
Replied 06 November 2022
| Originally posted by : Dhirajlal Rambhia | ||
 |
Sec. 24(b) of the act can save 30%, while chapter VI A can some more... |  |
But problem is that, sir its not a rental on house. Its rental on server
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178108 Points)
Replied 06 November 2022
Much better if it can be your business income ...
Harry Singh
(5 Points)
Replied 06 November 2022
Ok means this kind of income is categorised as business income rather than rental income? If yes then please suggest how to save maximum on this.
Atif Khan
(151 Points)
Replied 06 November 2022
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