Deductions permissible for section Section 57(ii) and (iii)
This query is : Resolved
10 July 2024
Hello Sir/Madam,
I have query regarding, Deductions permissible for section Section 57(ii) and (iii).
I have rented flat , I have done some repairing in that Flat (like Painting), For that I had spend Rs 1200.
can I claim Rs 12000 against Section deduction in section 57(ii) and (iii).
I have query regarding, Deductions permissible for section Section 57(ii) and (iii).
I have rented flat , I have done some repairing in that Flat (like Painting), For that I had spend Rs 1200.
can I claim Rs 12000 against Section deduction in section 57(ii) and (iii).
10 July 2024
No. The rental income is assessed under head IFHP, where standard deduction of 30% is given to take care of such expenses. Sec. 57 is not applicable over rental income, it is for head IFOS.
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