Tag Archives: Rental Income

Letting of property attracts TDS provisions, with certain exceptions. Some of the commonly asked questions about TDS on rental income are summarized below. In case, readers have any other questions, please mention in the comment section.   Limit of Rs.180000 – In case, any property – residential or commercial is …

Any income from letting property is taxable as income in the hands of the owner of the property. I have listed out a couple of points which may give you a fair idea about taxation of such income.   A Self-occupied property: When property is occupied by the owner for …

  The advantage is for the urban rich people. The increased urbanization has opened a steady source of income for building owners. In metro and A1 cities, to rent a small one BHK (Bedroom Hall Kitchen) house, one has to pay Rs.10000 per month. The rentals of commercial building are …

Salary Income – Only people who are earning salary income are eligible to claim tax benefits towards rent paid in respect of residential accommodation. Secondly, as part of the salary one should have a component by name ‘House Rent Allowance (HRA). (So, check the appointment letter or payslip to see …