banner_ad

Income from house property

This query is : Resolved 
Profile Image

Profile Image

(Querist)
30 March 2012 If I have rental income from property given on commercial use.. Income is Rs. 100000/- per month i.e. Rs. 12 Lacs per annum, then


Do I get the standard deduction of 30% u/s 24A?
Profile Image

CA Siddhartha Bhardwaj

Profile Image

CA Siddhartha Bhardwaj (Expert)
30 March 2012 Yes you are eligible for deduction u/s 24. you are eligible for deduction in respect of interest on loan, if any, paid in respect of such property.
Profile Image

CA Dileep Surya Kumar

Profile Image

CA Dileep Surya Kumar (Expert)
30 March 2012 yes, you can claim standard deduction u/s 24a. Provided property should be house even given for commercial use or otherwise.
Profile Image

N.J.R

Profile Image

N.J.R (Expert)
30 March 2012 Yes, u can claim deduction equal to 30% u/s 24(a).
Profile Image

Mihir Doshi

Profile Image

Mihir Doshi (Expert)
30 March 2012 Agree with Expert.

Here you need to charge Service Tax also upon the rented premises.

Thanks
Mihir Doshi
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
ARTICLESHIP 09 June 2026
Article Trainee

Numbertree LLP

Mumbai

CA Inter

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details