Deduction u/s 24 and depreciation
This query is : Resolved
11 September 2022
I have an income from a let out house property on which I am climbing depreciation in my books.
My question is while calculating income tax is standard deduction @30% under section 24 allowed?
Can I claim the benifit of both depreciation and std. deduction on the same.
Or shall I've to cease depreciation.
My question is while calculating income tax is standard deduction @30% under section 24 allowed?
Can I claim the benifit of both depreciation and std. deduction on the same.
Or shall I've to cease depreciation.
11 September 2022
No. You cannot claim depreciation when the rent income is declared under IFHP.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- TAN for Partnership
- Taxation on LTCG for property sold after 24JUL2024
- STCG FOR GOLD ETFs
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Is it compulsory to File 10E if Income including Pension Arrears is below 12 Lakh for the F Y 25 26
- GST ON DAMAGED GOODS
- Last year TDS Claim
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
