Residential rental income
Querist : Anonymous
Can i show rental income as additional income and allow deductions for rent paid on rented flat in which i am staying at present.
Only deduction u/s 24 i:e :
1. 30% standard Deduction
2. Interest on housing Loan
is allow to deduct.
Rent paid by assessee is not allow to adjust with his rental income in any case.
Querist : Anonymous
If you are salaried you can claim HRA for rent paid.
Thnaks
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