Rohan Mehta - FY 2025-26 (AY 2026-27)
ABCPM1234K - Old tax regime
| Property (share) | GAV | Municipal tax | NAV | 30% std. ded. 24(a) | Interest 24(b) | Income |
|---|
| Sunrise Heights 3B (60.00%) | ₹3,88,314.00 | ₹11,100.00 | ₹3,77,214.00 | ₹1,13,164.20 | ₹3,46,800.00 | -₹82,750.20 |
| Lakeview Villa (100.00%) | ₹7,73,360.00 | ₹31,200.00 | ₹7,42,160.00 | ₹2,22,648.00 | ₹0.00 | ₹5,19,512.00 |
| Orchid Plaza Shop 12 (50.00%) | ₹3,40,560.00 | ₹11,200.00 | ₹3,29,360.00 | ₹98,808.00 | ₹0.00 | ₹2,30,552.00 |
| Total | ₹15,02,234.00 | ₹53,500.00 | ₹14,48,734.00 | ₹4,34,620.20 | ₹3,46,800.00 | ₹6,67,313.80 |
Set-off and carry forward
| Income / (loss) from house property | ₹6,67,313.80 |
| Brought-forward loss set off | ₹0.00 |
| Taxable house property income | ₹6,67,313.80 |
| 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 |
|---|
| Meera Iyer | Sunrise Heights 3B / Flat 3B | ₹6,200.00 | ₹3,720.00 |
| Arjun Nair | Sunrise Heights 3B / Flat 3B | ₹6,063.80 | ₹3,638.28 |
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.