Sanjay Kulkarni - FY 2023-24 (AY 2024-25)
AFGPK4321Q - Old tax regime
| Property (share) | GAV | Municipal tax | NAV | 30% std. ded. 24(a) | Interest 24(b) | Income |
|---|---|---|---|---|---|---|
| Orchid Plaza Shop 12 (50.00%) | ₹2,16,000.00 | ₹11,200.00 | ₹2,04,800.00 | ₹61,440.00 | ₹0.00 | ₹1,43,360.00 |
| Green Acres Studio (100.00%) | ₹45,870.97 | ₹9,800.00 | ₹36,070.97 | ₹10,821.29 | ₹0.00 | ₹25,249.68 |
| Total | ₹2,61,870.97 | ₹21,000.00 | ₹2,40,870.97 | ₹72,261.29 | ₹0.00 | ₹1,68,609.68 |
Set-off and carry forward
| Income / (loss) from house property | ₹1,68,609.68 |
| Brought-forward loss set off | ₹0.00 |
| Taxable house property income | ₹1,68,609.68 |
| Loss carried forward at year end | ₹0.00 |
|---|
TDS under section 194-IB (tenants paying over Rs 50,000 a month)
No tenant crossed the threshold this year.
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.