Rental Income
This query is : Resolved
25 February 2020
Ay 20-21 if the rental income is upto Rs 5 lacs of a femal senior citizen, whether the said income will be taxable ?
25 February 2020
Yes.It is taxable.
But rebate can be claimed under section 87A.
So no need to pay tax.For this you must file ITR on time
26 February 2020
considering the standard deduction of 30%, the income would be below taxable
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