Sanjay Kulkarni - FY 2024-25 (AY 2025-26)
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%) | ₹3,09,600.00 | ₹11,200.00 | ₹2,98,400.00 | ₹89,520.00 | ₹0.00 | ₹2,08,880.00 |
| Green Acres Studio (100.00%) | ₹2,18,293.55 | ₹9,800.00 | ₹2,08,493.55 | ₹62,548.07 | ₹0.00 | ₹1,45,945.48 |
| Total | ₹5,27,893.55 | ₹21,000.00 | ₹5,06,893.55 | ₹1,52,068.07 | ₹0.00 | ₹3,54,825.48 |
Set-off and carry forward
| Income / (loss) from house property | ₹3,54,825.48 |
| Brought-forward loss set off | ₹0.00 |
| Taxable house property income | ₹3,54,825.48 |
| 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.