What is % of Standard Deduction from Rental Income for AY: 09-10 & AY: 10-11 ?
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Standard deduction from Rent
Replies (6)
30%
Yes, there is no change in the rate of Standard Deduction. So it is 30%
Agree With Both Above Comment
Yes it is 30% only for both years. No change
Yes, the Standard Deduction is 30% calculating the rental income, in the head Income from House Property, as per income tax act 1961.
So full agreed.
yes its 30% of Net annual value.
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