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Standard deduction on income from house property (rent) is applicable in financial year 2009-10?
YES @ 30%
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thanx amir sir
there is no change in standard deduction 30% only applicable
Its applicable @ 30% u/s 24 as on fixed basic whether incurred more,less, equal to or not incurred its allowable @ 30%
Standard Deduction on rent u/s 24(a) @ 30%............
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)
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