Standard Deduction
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 April 2011
Respected Sir,
I want to know when Standard deduction is applicable,i.e.when we need to deduct it from Gross Total Income.
Thanks
I want to know when Standard deduction is applicable,i.e.when we need to deduct it from Gross Total Income.
Thanks
23 April 2011
Standard deduction is not applicable.
23 April 2011
Standard Deduction is not deducted from Gross Total Income.
Standard Deduction is deducted from the Net Annual Value in the case of Income from House Property in case there is a let out or deemed let out property under the head IFHP.
Earlier the term Standard was used U/s 16(i)
which was deductible from the Salary under the head Salary Income.
Standard Deduction is deducted from the Net Annual Value in the case of Income from House Property in case there is a let out or deemed let out property under the head IFHP.
Earlier the term Standard was used U/s 16(i)
which was deductible from the Salary under the head Salary Income.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Inventory of finished goods
- RCM INVOICING FROM NOV-2024
- Tds on building rent monthly
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Disallowance of Section 43B(h) to sez units
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Rent on gst on self ownership commercial property
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
