Case- Income from house property
This query is : Open
Guest
Guest
(Querist)
02 September 2017
Mr. Ram has self occupied house for which he did not taken any loan. So, will he able to avail standard deduction of 30% or not?
CA Rashmi Gandhi
(Expert)
02 September 2017
No Standard deduction allowed as NAV is nil for self occupied house.
K Srinivas, CMA CS
(Expert)
02 September 2017
Self occupied property doesn't earn income. Consequently, no deduction of 30% is possible
Guest
Guest
(Querist)
02 September 2017
Thank you Rashmi Gandhi Mam
Guest
Guest
(Querist)
02 September 2017
Thank you so much k Srinivas Sir
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