Standerd deduction
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 July 2012
Sir
What do you mean by Standard Deduction why we deducted 30%
Thanks
Mukesh Kumar
What do you mean by Standard Deduction why we deducted 30%
Thanks
Mukesh Kumar
CA PARAS BAFNA
(Expert)
01 July 2012
In case your query is related to SD in case of a House property , it is meant for providing relaxation to the owner of the property as he has to do certain expenditure on repairs, maintenance etc to upkeep the property.
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Standard means at a decided level. Since in any case 30% Deduction is allowed, it has become a Standard. It does not vary.
.
.
Standard means at a decided level. Since in any case 30% Deduction is allowed, it has become a Standard. It does not vary.
.
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