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
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Commercial Property Rental
Replies (2)
ITC can be taken on repairs
Yes std ded allowed and no cap on interest if taken on loan
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