Solar Power Panel System purchased (costing Rs.190000) for Building and the building is given on rent. The individual has only Rental Income. So whether he can claim any deduction under Income tax against Rental income. (A.Y. 2020-21)
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Income Tax benefit (on Rental Income) on Solar Power Panel system purchased
Replies (5)
No he can't
standard deduction of 30% allowed against rental income
standard deduction of 30% allowed against rental income
30% standard deduction allowed provided it is considered as House property
No such deduction can be claimed
Can claim , tax paid on the said building & standard deduction @ 30%
Only std allowed of 30% in HP
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