Is money spent on white washing and painting of our flat eligible for tax rebate.?



The apt. is a inherited property about 16 years old. renovating cost is about 30k. can we show as
expenditure on house and apply for tax deduction ?
savit

Is money spent on white washing and painting of our flat eligible for tax rebate.?
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6 Replies to “Is money spent on white washing and painting of our flat eligible for tax rebate.?”


  1. The expenditure incurred on the improvement of the property can be claimed as deduction, but at the time of selling of the property. When you will sell the property, Capital Gains will be attracted and the Cost of Improvement will be allowed as deduction after indexation.




  2. yes u can avail the rebate under head repairs & maintenance, But for it if u r having any house property Income i.e. u have given on rent then 30% or 1/4 of the rental income whichever is less could be taken as rebate under repairs n maintenance head.






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