Commercial Property Let Out
1) ITC on building expenses like Repairs & Maintenance, etc...
2) Section 24: Standard Deduction 30% allowed on commercial rental income
Query:
Assessee can claim ITC on building expenses & standard deduction also allowed right
Please reply
Commercial Property Rental
Replies (2)
Quick Summary
ITC can be taken on repairs
Yes std ded allowed and no cap on interest if taken on loan
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