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Discussion > Income Tax > Tax queries >

STANDARD DEDUCTION ON RENT

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STUDENT CS


[ Scorecard : 361]
Posted On 20 April 2010 at 16:44 Report Abuse

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

 

 

 


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Amir
Learner


[ Scorecard : 3956]
Posted On 20 April 2010 at 16:53

Dear Sunny,

YES @ 30%



Total thanks : 1 times




Bimal Thacker
Proprietor


[ Scorecard : 742]
Posted On 20 April 2010 at 16:55

Yes, 30%



Total thanks : 2 times



SUNNY
STUDENT CS


[ Scorecard : 361]
Posted On 20 April 2010 at 16:56

thanx amir sir




manikandan.J
Accounts Manager


[ Scorecard : 358]
Posted On 20 April 2010 at 17:29

hi

there is no change in standard deduction 30% only applicable



Total thanks : 1 times



Nitin Grover
CS


[ Scorecard : 1118]
Posted On 20 April 2010 at 17:47

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


[ Scorecard : 2085]
Posted On 20 April 2010 at 18:19

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




CA Devanshi Gandhi (Ajani)
ACA DISA Mcom CIFRS & LLB


[ Scorecard : 8932]
Posted On 20 April 2010 at 18:20

yes




CA VISHAL RANA,CS,B.Com,AMFI
Chartered Accountant in Whole Time Practice


[ Scorecard : 4230]
Posted On 20 April 2010 at 20:22

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




CA Ruben Balooni
Professionalism ™


[ Scorecard : 1314]
Posted On 21 April 2010 at 09:43

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



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