Priya Mehta - FY 2025-26 (AY 2026-27)
ABCPM5678L - New tax regime
| Property (share) | GAV | Municipal tax | NAV | 30% std. ded. 24(a) | Interest 24(b) | Income |
|---|---|---|---|---|---|---|
| Sunrise Heights 3B (40.00%) | ₹2,58,876.00 | ₹7,400.00 | ₹2,51,476.00 | ₹75,442.80 | ₹2,31,200.00 | -₹55,166.80 |
| Total | ₹2,58,876.00 | ₹7,400.00 | ₹2,51,476.00 | ₹75,442.80 | ₹2,31,200.00 | -₹55,166.80 |
Set-off and carry forward
| Income / (loss) from house property | -₹55,166.80 |
| Set off against other heads (cap Rs 2,00,000, not allowed in new regime) | ₹0.00 |
| Loss carried forward to next 8 years | ₹55,166.80 |
| Loss carried forward at year end | ₹1,68,686.80 |
|---|
Pending lots: FY 2023-24: ₹64,380; FY 2024-25: ₹49,140; FY 2025-26: ₹55,167.
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 | ₹2,480.00 |
| Arjun Nair | Sunrise Heights 3B / Flat 3B | ₹6,063.80 | ₹2,425.52 |
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.