Standard deduction u/s.24(b)
This query is : Resolved
31 December 2013
if any person having SOP then wt is the limit for deduction u/s.24(b)?
or if he is having LOP then wt is the limit for deduction u/s.24(b)?
also assessee is having NRI status then
and limit for standard deduction u/s.24(a) for both sop and lop
or if he is having LOP then wt is the limit for deduction u/s.24(b)?
also assessee is having NRI status then
and limit for standard deduction u/s.24(a) for both sop and lop
31 December 2013
Nil. in case of SOP.
30% of the annual value in case of LOP. NRI status doesn't affect the section 24(b)
30% of the annual value in case of LOP. NRI status doesn't affect the section 24(b)
Message likes :
1 times
31 December 2013
Section 24(b) deduction:-
Resident assessee's:-
i) SOP - Shall not exceed Rs.30,000 OR Rs. 1,50,000 depending on the year of construction /acquisition viz., prior/after 1-4-2009.
ii) LOP - Actual interest payable without limit.
Resident assessee's:-
i) SOP - Shall not exceed Rs.30,000 OR Rs. 1,50,000 depending on the year of construction /acquisition viz., prior/after 1-4-2009.
ii) LOP - Actual interest payable without limit.
31 December 2013
Section 24(b) deduction:-
Non resident assessee's:-
i) SOP - Shall not exceed Rs.30,000 OR Rs.1,50,000 depending on the year of construction /acquisition viz., prior/after 1-4-2009.
ii) LOP- Actual interest payable without limit.
Non resident assessee's:-
i) SOP - Shall not exceed Rs.30,000 OR Rs.1,50,000 depending on the year of construction /acquisition viz., prior/after 1-4-2009.
ii) LOP- Actual interest payable without limit.
Message likes :
1 times
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
- Minor Aadhar card cancelled
- Query regarding applicability of UDIN on MCA forms signed using DSC by a Chartered Accountant
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Spice form, ? mark comes in address
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
