01 December 2021
Dear Sirs, I have a rental commercial property in my name in which tenant is Punjab National Bank. For some months bank did not pay rent to me and said that they did repair and maintenance in the building of Rs.5,50,000/- so he deducted out of rent. My simple question is that while filing my income tax return. I am eligible to claim 30% standard deduction of annual rental income or full amount of Rs.5,50,000/-. Please clarify