Deduction u/s 24
This query is : Resolved
Querist : Anonymous
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
I want to know about the deduction made under section 24 in 'Income from House Property'.
Thanks
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
a. for 30% on Net Annual value
b. For interest on housing loans
Tareq Imam
(Expert)
24 April 2011
deduction u/s 24 is to calculated at the (rent less Municipal taxes paid by land lord) * 30%
taxindiaconnect
(Expert)
25 April 2011
Agree with Tareq on the computation part.
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