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 2018The 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