STANDARD DEDUCTION ON RENT

ya of course 30%

standard deduction under clause a of section 24 is to be deducted from NAV (i.e GAV less Municipal taxes) and if municipal taxes are more than GAV then standard deduction is not allowed but clause b of section 24 (interest on borrowed capital) is allowed that ultimately will be loss under the head income from house property

U/s 24A, Standard deduction is allowed as deduction from Income from House Property @ 30% of  Net Annual Value. (i.e.Gross annual value minus Municiple tax.)

Now the Service tax on rental income from immovable property is come in from some time.

Now If I have rental income from property given on commercial use.. Income is Rs. 100000/- per month i.e. Rs. 12 Lacs per annum, then

1. Do I get the standard deduction of 30% u/s 24A?
2. As before I was not under the service tax net.. this property was treated like house property and rental income was shown in income from house property head with claiming std deduction.

Please help me as I think I may be totally messed in multiple taxes.

Panjwani