Rohan Mehta - FY 2024-25 (AY 2025-26)
ABCPM1234K - Old tax regime
| Property (share) | GAV | Municipal tax | NAV | 30% std. ded. 24(a) | Interest 24(b) | Income |
|---|
| Sunrise Heights 3B (60.00%) | ₹4,15,800.00 | ₹11,100.00 | ₹4,04,700.00 | ₹1,21,410.00 | ₹3,57,000.00 | -₹73,710.00 |
| Lakeview Villa (100.00%) | ₹6,75,200.00 | ₹31,200.00 | ₹6,44,000.00 | ₹1,93,200.00 | ₹0.00 | ₹4,50,800.00 |
| Orchid Plaza Shop 12 (50.00%) | ₹3,09,600.00 | ₹11,200.00 | ₹2,98,400.00 | ₹89,520.00 | ₹0.00 | ₹2,08,880.00 |
| Total | ₹14,00,600.00 | ₹53,500.00 | ₹13,47,100.00 | ₹4,04,130.00 | ₹3,57,000.00 | ₹5,85,970.00 |
Set-off and carry forward
| Income / (loss) from house property | ₹5,85,970.00 |
| Brought-forward loss set off | ₹0.00 |
| Taxable house property income | ₹5,85,970.00 |
| Loss carried forward at year end | ₹0.00 |
|---|
TDS under section 194-IB (tenants paying over Rs 50,000 a month)
| Tenant | Unit | TDS for the lease | Your share |
|---|
| Arjun Nair | Sunrise Heights 3B / Flat 3B | ₹24,255.00 | ₹14,553.00 |
Tenant deducts once a year (or on vacating) and deposits it with Form 26QC; claim the credit using Form 16C / Form 26AS.
Notes
- GAV is the higher of expected rent and rent receivable; if the property was vacant at any time the receivable rent is used. Separate maintenance charges are excluded.
- Loan interest and municipal taxes are split in proportion to ownership.
- Old regime: a house property loss sets off against other heads up to Rs 2,00,000; the balance carries forward 8 years against house property income only. New regime: no inter-head set-off, the full loss carries forward.
- Indicative working to help prepare the return; confirm with a chartered accountant.