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(Querist)
02 May 2014 in hp head if we are taking gav of one sop is nil then deduction of int on loan, municipal taxes, std. deduction milega? ?
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CA Devanand Jethanandani

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CA Devanand Jethanandani (Expert)
02 May 2014 Hi Saloni,

Interest on loan and municipal tax will be allowed as deduction.

And as GAV is nil, standard deduction will also be nil.


Regards,
Devanand

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