Income from house property

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Querist : Anonymous (Querist)
20 July 2012 flat maintenance is allowed as deduction or not when standard deduction 30% is allowed ..

20 July 2012 The standard deduction of 30% is for all type of these expenses.

So, no separate deduction.

20 July 2012 There is no provision under the head income from house property for deduction of repairs or maintenance of house property, instead a flat deduction of 30% is allowed irrespective of the amount of actual expenses incurred.

20 July 2012 There is no provision under the head income from house property for deduction of repairs or maintenance of house property, instead a flat deduction of 30% is allowed irrespective of the amount of actual expenses incurred.


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