House property income

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Querist : Anonymous

Querist : Anonymous (Querist)

18 September 2012 under which cases a company can computated rental income under the head of income from house property

CA CS Amit S. Kedia (Expert)
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18 September 2012 Rental income will be taxable under the head 'income from house property' only even if it is a company.

Pankaj Gupta (Expert)
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18 September 2012 Yes , I agree with the expert.

Querist : Anonymous

Querist : Anonymous (Querist)

18 September 2012 can 30% standard deduction be claimed on renatal income receive by the company

CA CS Amit S. Kedia (Expert)
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18 September 2012 Yes...of course!!
Deduction of 30% of NAV will be available to company also

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