Case- Income from house property

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Guest

Guest (Querist)

02 September 2017 Mr. Ram has self occupied house for which he did not taken any loan. So, will he able to avail standard deduction of 30% or not?

CA Rashmi Gandhi (Expert)
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02 September 2017 No Standard deduction allowed as NAV is nil for self occupied house.

K Srinivas, CMA CS (Expert)
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02 September 2017 Self occupied property doesn't earn income. Consequently, no deduction of 30% is possible

Guest

Guest (Querist)

02 September 2017 Thank you Rashmi Gandhi Mam

Guest

Guest (Querist)

02 September 2017 Thank you so much k Srinivas Sir

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