Stdandard deduction u/s.24(a) on income from house property
This query is : Resolved
C Ramanathan
(Querist)
16 August 2014
Standard deduction u/s.24(a) on income from house property is 30%.My query is whether it is applicable for income from house property let pout for commercial purposes. Pl.discuss
Nikhil Kaushik
(Expert)
16 August 2014
yes. it is allowed...................
CA UMESH DULAL
(Expert)
16 August 2014
it is allowed irrespective of whether it is used for commercial or residential purpose.
25 August 2014
yes agrred its allowed...........
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