HEMANTH RANKA (Tax & Financial Consultants) (360 Points)
07 September 2016Can depreciation & other expenses claimed in relation to the commercial buildings be disallowed on the grounds that standard deduction u/s 24(a) is given while calculating income from House property.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177869 Points)
Replied 07 September 2016
Yes, because both the heads of income are different
Mukesh Kumar
(Accounts Manager)
(1466 Points)
Replied 09 September 2016
SIR
IS DEPT AND OTHER EXPENSES IS SAME OF BUILDING THAT YOUR ARE CALCULATE INCOME
CAclubindia
