Dlop provisions
This query is : Resolved
26 July 2012
dear all,
i wanted to know whether i can claim deduction u/s 24(a) if my rentl income is 0.if yes what will be the gav??
reply asap
thank u
i wanted to know whether i can claim deduction u/s 24(a) if my rentl income is 0.if yes what will be the gav??
reply asap
thank u
26 July 2012
No, you can't claim deduction u/s 24(a).
As per section 24(a) standard deduction would be allowable @30% on Gross annual rent received.
In your case ALV is ZERO(0) i.e Gross annual rent is ZERO. so you can't claim deduction under section 24(a).
Think simple in your case ALV is ZERO. section 24(a) allows deduction of 30% on ALV so 0*30%=0. Thus you not avail the benefit of section 24(a)
OM SAI SRI SAI JAI JAI SAI
As per section 24(a) standard deduction would be allowable @30% on Gross annual rent received.
In your case ALV is ZERO(0) i.e Gross annual rent is ZERO. so you can't claim deduction under section 24(a).
Think simple in your case ALV is ZERO. section 24(a) allows deduction of 30% on ALV so 0*30%=0. Thus you not avail the benefit of section 24(a)
OM SAI SRI SAI JAI JAI SAI
Message likes :
1 times
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
- Capital gain from sale of house property
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Value of property in capital gain
- Regarding TDS Applicability For Director Remuneration
- Copyright software
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Multiple trade mark
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
