"If party has entered into the agreement to let out property alongwith Furniture and fixture"
This is the case of composite rent
"of which rent of property decided at 10000/- per month and rent for enjoyment of furniture and fixture decided at7000/- per month . "
Since these two lettings (house property and furniture and fixtures) are seperable. Only the building is to be assessed u/s 22 ( charging section of income from house property) and other services/assets are to be assessed u/s 28 (under chapter PGBP) IF such letting is in nature of business/profession , or u/s 56 i.e under chapter Income from other sources
Sec 24 which allows for standard deduction from Net annual value is only applicable on Income chargeable under the head of income from house property
Therefore Standard deduction will be allowed on 10K or the amount computed under other proviso
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