in case of godown rent received from
leasehold property.
whether lease rent paid for such godown is deductible u/s 24 from such income?
If the assesse is in the business of providing property on lease => No. It will be shown in P/L. (PGBG)
Otherwise => Yes. It will be shown in income from house property and will be eligible for 30% standard deduction u/s 24a
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