mujhe koi layman language main section 24 samjha sakta hain kya..???
3 Replies
Vivek Jarial
(Student)
(272 Points)
Replied 18 September 2009
Deductions from income from house property. U/s 24
24. Income chargeable under the head “Income from house property” shall be computed after making the following deductions, namely:—
(a) a sum equal to thirty per cent of the annual value;
(b) where the property has been acquired, constructed, repaired, renewed or reconstructed with borrowed capital, the amount of any interest payable on such capital.
Manmohan ACA, CS
(Chartered Accountant )
(14243 Points)
Replied 23 September 2009
section 24 of which act
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