Dear Experts..,
I hav one doubt on income from house property....
I have one Five floors Building and given lease to some people..in that rent payers Bharti Airtel is also one rent payer for the 1st floor and i am receiving rent from Air tel Rs. 25000/- Pm recently Bharti Airtel installed telecommunication towers on the terrace and paying rent Rs. 2500/- pm and also one advertising hoarding fixed by uniads on the terrace of the building and receiving rent 10,000/- pm.. so receiving tower rent and hoarding rent goes to under Income from other sources so now my question is....am i deduct 30% standard deduction on tower rent and hoarding rent In my opinion this tower rent and hoarding rent also coming from my building terrace so we can deduct 30% standard deduction is its right ......? sir pls..........help me....I have to file income tax return.
PRASAD
CAclubindia
