Is 30% standard deduction on rent available in new tax regime?
2 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177840 Points)
Replied 24 July 2022
Yes, 30% SD available u/s. 24 of the act, but the net loss if any is not allowed for set off in New regime.
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