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Rental Income

This query is : Resolved 

Ay 20-21 if the rental income is upto Rs 5 lacs of a femal senior citizen, whether the said income will be taxable ?


Yes.It is taxable. But rebate can be claimed under section 87A. So no need to pay tax.For this you must file ITR on time

considering the standard deduction of 30%, the income would be below taxable



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