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Deduction u/s 24

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 April 2011 Respected Sir,
I want to know about the deduction made under section 24 in 'Income from House Property'.

Thanks
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
24 April 2011 Deduction u/s.24 available

a. for 30% on Net Annual value

b. For interest on housing loans
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Tareq Imam

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Tareq Imam (Expert)
24 April 2011 deduction u/s 24 is to calculated at the (rent less Municipal taxes paid by land lord) * 30%
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taxindiaconnect

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taxindiaconnect (Expert)
25 April 2011 Agree with Tareq on the computation part.
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