Diosys sir.....
I was receiving house rent from my sis from past few years....
I Used to calculate income on it with the amount received minus 30% standard deduction on it......the remaining amount as my income....this time the lady over my CA while calculating the income also subtracted the maintenance ard 15k yearly from the amount stating(municipal taxes in Balance sheet) and said it also should be reduced and said so far whtever i used to do is mistake and 4get abt the past.........
Now yesterday i was seeing cnbc awaaz tax guru...Mr subhash lakhotia said only the taxes u pay should be deducted and not the common charges like lightning charges and all while filing......If the said is true do i need to worry.....becoz i guess if i calculate that way taxes comes to ard 6-8k instead of 15k
Also if said so if i get intimation than only refile return ?
I was receiving house rent from my sis from past few years....
I Used to calculate income on it with the amount received minus 30% standard deduction on it......the remaining amount as my income....this time the lady over my CA while calculating the income also subtracted the maintenance ard 15k yearly from the amount stating(municipal taxes in Balance sheet) and said it also should be reduced and said so far whtever i used to do is mistake and 4get abt the past.........
Now yesterday i was seeing cnbc awaaz tax guru...Mr subhash lakhotia said only the taxes u pay should be deducted and not the common charges like lightning charges and all while filing......If the said is true do i need to worry.....becoz i guess if i calculate that way taxes comes to ard 6-8k instead of 15k
Also if said so if i get intimation than only refile return ?