Definition of standard deduction on rental assets
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 August 2016
Need clarification from experts that If rented out commercial property is furnished .Can we claim of furnished property rent for standard deduction or we can claim for unfurnished because in certain cases rent for fixture and furniture is different and for unfurnished is different.
23 August 2016
is the furnishing part and parcel of commercial property?
If yes...... then standard deduction will be claimed
If no..........then standard deduction will be claimed only on property rent and not on furnishing
If yes...... then standard deduction will be claimed
If no..........then standard deduction will be claimed only on property rent and not on furnishing
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