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House property

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 November 2014 Dear Sir,

Whether standard 30% Deduction in House Property is also allowed at the time of giving office building as rent?

17 November 2014 Yes. 30% deduction is available to all sorts of house properties.

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 November 2014 Dear Sir,

Suppose,the office building was used earlier by owner for his business and after giving it on rent he is not using for the said purpose. Now he had given it on rent and the tenant is using this for his business purpose then also 30% deduction is available ?

18 November 2014 irrespective of use 30% shall be given to the assessee as deduction u/s 24(a)

18 November 2014 Yes. For rental properties, the 30% deduction is available.


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