26 July 2012
dear all, i wanted to know whether i can claim deduction u/s 24(a) if my rentl income is 0.if yes what will be the gav?? reply asap thank u
26 July 2012
No, you can't claim deduction u/s 24(a).
As per section 24(a) standard deduction would be allowable @30% on Gross annual rent received. In your case ALV is ZERO(0) i.e Gross annual rent is ZERO. so you can't claim deduction under section 24(a).
Think simple in your case ALV is ZERO. section 24(a) allows deduction of 30% on ALV so 0*30%=0. Thus you not avail the benefit of section 24(a)
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