Standard deduction on income from house property (rent) is applicable in financial year 2009-10?
18 Replies
manikandan.J
(Accounts Manager)
(363 Points)
Replied 20 April 2010
hi
there is no change in standard deduction 30% only applicable
Nitin Grover
(CS)
(1228 Points)
Replied 20 April 2010
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
CA LOVELY ARORA
(C.A. B.Com (H) Graduate)
(2151 Points)
Replied 20 April 2010
Standard Deduction on rent u/s 24(a) @ 30%............
CA VISHAL RANA,CS,B.Com,AMFI
(Chartered Accountant in Whole Time Practice)
(4354 Points)
Replied 20 April 2010
standard deduction U/s 24A wiil be allowed 30% for Fy 2009-10 in house property Head
CA Ruben Balooni
(Professionalism ™)
(1324 Points)
Replied 21 April 2010
yea its available @ 30% of Net Annual Value (Gross Annual Value-Municipal Taxes paid by owner)
CA. Mithilesh kr. Singh
(PROFESSIONAL )
(45 Points)
Replied 21 April 2010
standared deduction u/s 24(a) is 30% NAV
Nomula Sreenivasarao
(DGM -Accounts)
(163 Points)
Replied 21 April 2010
There is no change in standard deduction, it 30%.
tushar shrirang shinde
(ENGG.)
(71 Points)
Replied 21 April 2010
It is same . The Standard Deduction on rent u/s 24(a) @ 30%............
Lalit Kumar Gupta
(Service)
(609 Points)
Replied 21 April 2010
Sunny,
Statutory deduction is 30% of NAV for the F Y 2009-10 on rental. But in DTC it is proposed to 20%.
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