Are appliances tax-deductible for rental property
In general, appliances can be tax-deductible for rental property if they are considered necessary for the production of rental income. The cost of appliances can be claimed as a rental expense and deducted from the rental income. However, the specific tax rules regarding the deductibility of appliances can vary depending on the country and jurisdiction. It is recommended to consult with a tax professional for guidance on the tax deductibility of appliances for Lease property in a specific location for better calculation.
For more information to visit: https://www.incometax.gov.in
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