Definition of standard deduction on rental assets

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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.

Amol S Joglekar

Amol S Joglekar (Expert)
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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

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