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Deduction on rent

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Querist : Anonymous

Querist : Anonymous (Querist)

24 July 2010 Dear all,

Whether rent received from land is eligible for standard deduction.

Its very urgent.

Thanking You.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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24 July 2010 No deduction. To be offered for taxation under the head "Income from other sources".

CA Sanat Pyne

CA Sanat Pyne (Expert)
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24 July 2010 yes it will be treated as income from other source.

CA. BIJENDER KR. BANSAL

CA. BIJENDER KR. BANSAL (Expert)
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24 July 2010 AGREED, RENT INCOME FROM LAND IS NOT HOUSE PROPERTY INCOME, IT IS INCOME FROM OTHER SOURCE.

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