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Income Tax - Highlights / Catch Notes

Home Highlights April 2020 Year 2020 This

Income from house property - deductions claimed u/s 24(a) - ...

Case Laws     Income Tax

April 8, 2020

Income from house property - deductions claimed u/s 24(a) - society charges - If, the amount paid to society charges includes municipal taxes levied by the local authorities, then to that extent the Ld. AO is directed to allow deductions out of rental income. If the amount relates to maintenance of property, then the Ld. AO is right in denying deductions for said amount out of rental income.- AT

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