STANDARD DEDUCTION ON RENT

Tax queries 4320 views 18 replies

Standard deduction on income from house property (rent) is applicable in financial year 2009-10? 

 

 

 

Replies (18)

Dear Sunny,

YES @ 30%

Yes, 30%

thanx amir sir

hi

there is no change in standard deduction 30% only applicable

Dear Friend

Its applicable @ 30% u/s 24 as on fixed basic whether incurred more,less, equal to or not incurred its allowable @ 30%

 

Regards

Standard Deduction on rent u/s 24(a) @ 30%............

yes

standard deduction U/s 24A wiil be allowed 30% for Fy 2009-10 in house property Head

yea its available @ 30% of Net Annual Value (Gross Annual Value-Municipal Taxes paid by owner)

standared deduction u/s 24(a) is 30% NAV

There is no change in standard deduction, it 30%.

yes 30% of nav 

It is same . The Standard Deduction on rent u/s 24(a) @ 30%............


 

Sunny, Statutory deduction is 30% of NAV for the F Y 2009-10 on rental. But in DTC it is proposed to 20%.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register