Tag Archives: Letout property

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 …

Possession of the property To claim the deduction of Interest payment, the house must be completed and taken possession.  However, for taking tax benefit on principal, repayment can be taken from the year you start repaying the loan Rental Income To claim tax benefit on housing loan towards a property …