The rented property should be reported and taxed the same way as any other income. By making sure that people and the owners of the property disclose their rental revenue correctly, claim deductions and comply with all the rules in taxation, we assist people in managing their finances effectively.
We also provide income computation, deduction planning (interest on home loans and home maintenance costs), filing of tax returns, and compliance advisory services. We make sure you get the best benefits possible without violating anything.
OUR STRENGTH LIES IN PROVIDING REAL WORLD PRACTICAL SOLUTIONS
Our foremost priority is to provide Instant Support and are always very particular on adherence of timely delivery so that you don’t miss out on deadline. We have worked with some most time strict clients and we have never missed our target. Our one thumb rule says that “If we miss a deadline we are out”. Accounts and Finance function need always alert eagle eye approach!
Our prices are most reasonable and under budget that you never realize any cost burden in your organization in comparison of value addition we bring in. We believe in adoption of your business and fee shall take care of itself mantra. We never bill for disappointment and take ownership. It is how we like to be treated and that is how our customers are served.
We at AVS & Associates only recruit experienced, skilled professionals who have proven expertise in their field. With a diverse Team of Chartered Accountants, Company Secretaries, Lawyers, and various other consultants on board, we offer end to end financial and legal service under one roof saving time and energy and bring synergy effect between various functions.
Having over 20+ years experience in the leadership team ensure we maintain highest ethical standards and never go out of trust with you. We always believe in long term relationship with our clients hence integrity is something we value the most. We ensure transparency in communication, service and cost. Our specialized experts helps in maintaining high quality.
Yes, rental income is liable to tax under the head Income-from House Property.
Such deductions as standard deduction, municipal taxes, and interest on a home loan can be deduced.
Yes, it is to be listed in your income tax filing.
Yes, in some circumstances, losses are deductible since tax regulations provide.