This discussion addresses whether an individual can claim specific expenses, such as monthly maintenance, to reduce taxable rental income from a commercial property. The response clarifies that only the standard deduction of 30% is permissible under the head 'Income from House Property'.
I earn a rental income from Commercial House property and business income as contract income. Can I book any expenses with regards to income earned from house property like monthly maintenance expenses or any other to reduce the Taxable income from rent.