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what is the difference between the expenses deducted from actual rent received and the expense for which standard deduction @ 30% of the net annual value is available??
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Govt assume that 30 % maintenance expenses for property....
Except municipal Taxes and interest....
Its my personal opinion, if anybody have different view then views are welcome. thanks. Disclaimer: its not Professional Advice.
Except municipal Taxes and interest....
Its my personal opinion, if anybody have different view then views are welcome. thanks. Disclaimer: its not Professional Advice.
30% is the standard deduction received on any house property income and other deduction u/s 24 is of expenses like interest on borrowerd capital
The 30% deduction is standard. No way for add or less the maintenance expenses...
still not satisfied
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