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).
Dhirajlal Rambhia
(Expert)
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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