Rental income
This query is : Resolved
09 March 2017
My friend has rental income from 3 properties. One from residential and two from commercial property . So can i avail 30 deduction in all three rental income?
10 March 2017
Income from residential property can be shown under the head income from house property & deductions relevant to this property are available.Income from two commercial properties are rental income under the head of business income & relevant deductions are available for that purpose.
11 March 2017
Yes, you can claim 30% u/s 24(a) on all the three let out properties.
11 March 2017
Yes deduction is allowed 30% under sec 24(a) under let out property not under business income.
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