Rent Deduction News

Money

You can claim deduction of 30% towards repairs from gross rent

You are eligible to claim a standard deduction of 30% towards repairs and maintenance costs from the gross rent, which is annual rental value minus municipal taxes actually paid by you

1 min read9 Jul 2018

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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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