The following deductions are to be allowed while computing income from house property :-
(a) Any amount of Municipal Taxes Paid by Client to Local Government Authority on House Property Owned By him/her during the Financial Year 2012-2013.
(b) 30% of the annual value ( Rent received / Receivable Minus Municipal Tax), in respect of repairs and collection charges;
(c) interest payable on loan taken for acquisition, construction, repair, renewal or re-construction of the property;
In respect of a self-occupied property whose annual value is taken as Nil, no deduction is admissible except deduction for interest payable on loan as mentioned at (c) above.
deductions admissible, Income tax return,income tax, House Property Dedcution Here we explained about the deductions admissible while computing Income from House Property.
Comments
0 comments
Please sign in to leave a comment.