machinery rental income
standerd deduction 30% is available or not when make a income tax filing
3 Replies
ayusmita
(Tax consultant)
(5885 Points)
Replied 15 October 2020
Machinery rent can't be treated as income from house property
shailendra shukla
(Bhopal)
(1741 Points)
Replied 15 October 2020
IFOS.... No standard deduction allowed..
Avtar Singh
(363 Points)
Replied 16 October 2020
Machinery rental lncome is a income from other sources. No standard deduction will be available. However you are eligible for Depreciation
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