Income tax

This query is : Resolved

S.Jegadeesan (Querist)
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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

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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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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