ভাড়া হইতে প্রাপ্ত আয় পরিগণনার ক্ষেত্রে অনুমোদনযোগ্য বিয়োজনসমূহ

(1) The following expenses shall be deductible in computing the income received from the rent of a person's self-owned house property:

(a) the premium paid for any insurance against the risk of loss or destruction of any house property;

(b) interest or profit paid on any capital loan taken from any bank or finance company for acquisition, construction, renovation, or reconstruction of house property;

(c) any tax, fee, or other annual charge paid on the house property that is not in the nature of a capital charge;

(d) Any interest or profit paid to any bank or finance company on any capital loan used for acquisition, construction, repair, new construction, or reconstruction of the house property during the pre-rental period; such interest or profit shall be a total of three (three) consecutively from the relevant income year with the commencement of the rent. In installments in the income year;

Provided that no interest or profit of the pre-hire period or any part thereof, if any, shall be alienable after the said period;

(e) the sums mentioned in the table below for rent collection, water and sewerage, electricity, gas, service charges, repair and maintenance charges, and any other basic service charges:

Table

(f) in case of partial rent of house property, expenses shall be admissible at a proportionate rate against the partial rent;

(g) Where a house is rented out for part of the income year, the expenditure shall be admissible at the rate proportionate to the period during which the rent is paid.

(2) Deductions shall be allowed subject to the following limits and conditions in computing income from rent of any property other than house property:

(a) the deductions allowed under sections 49-55 in computing income from business, subject to such limits and conditions;

(b) All deductions other than the allowances allowed under the Third Schedule are made by bank transfer.

Comment :