hello sir,
my client having godown rent income as commercial property
....so can he claim standard
deduction 30 % under House property...or not....or his income is taxable as other source income
please answer thank you
Yes. It is taxable.
Income from House Property Becomes Taxable If the Following Conditions Are Met: The house property comprises of the building and/or any land attached to it. The taxpayer is the owner of the property. The taxpayer should not use the house property to run any business or profession.
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