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Standard deduction

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27 November 2014 Can a partnership firm claim standard deduction from income arising out of letting out of property? Or will it be advisable to take the Income as business of letting out and claim expenses out of such income

27 November 2014 There is no restrictions for taking standard deduction under income from house property for firm, the calculation of house property income same for all the assesses

28 November 2014 yes parter ship can claim the deduction u/ s 24(b) 30% of net rent






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