More expenses vs standard deduction
This query is : Resolved
Eswar Reddy S
(Querist)
16 June 2014
Our client has given apartments for rent.
He is maintaining the apartments.Electricity,Water,generator maintenance ,security salary and sweepers salary.
is he eligible for claiming more than 30% of NAV ?
Nikhil Kaushik
(Expert)
17 June 2014
no. only 30% deduction is permitted.
Rupesh Jain
(Expert)
17 June 2014
no under the house property income you can cliam deduction u/s 24(b) @ 30% .
17 June 2014
it is not allowed as per sec 24(a).
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