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Ganapati Natarajan   31 August 2019

Allowable expenses in foreign rental property

I have a rental property in the UK from which I derive income and am residing in India. This income is received in the UK and is subject to double taxation avoidance agreement, hence I am filling the ITR-2 form. May I deduct applicable deductions (such as letting and management fees and repairs on the property)  from the total income received from UK to get the taxable income according to the UK scheme for allowable expenses on rental property.



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