Standard deduction
This query is : Resolved
ARUP SAHOO
(Querist)
27 November 2014
Can a partnership firm claim standard deduction from income arising out of letting out of property? Or will it be advisable to take the Income as business of letting out and claim expenses out of such income
CMA Ramesh Krishnan
(Expert)
27 November 2014
There is no restrictions for taking standard deduction under income from house property for firm, the calculation of house property income same for all the assesses
Rupesh Jain
(Expert)
28 November 2014
yes parter ship can claim the deduction u/ s 24(b) 30% of net rent
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
