Income tax
This query is : Resolved
18 May 2012
Sir,
Could pl clarify the following doubt?
Whether Standard deduction is allowed @30% against rental income from Cell phone tower?
Further whether any expenses incurred in connection with that building like, Municipal tax is allowed ?
Regards,
S.Jegadeesan
Could pl clarify the following doubt?
Whether Standard deduction is allowed @30% against rental income from Cell phone tower?
Further whether any expenses incurred in connection with that building like, Municipal tax is allowed ?
Regards,
S.Jegadeesan
19 May 2012
Rent from mobile tower is taxable under the head income from house property . Hence eligible for standard deduction u/s 24 (a) @ 30 % of the rent.
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