HUF RENTAL INCOME

Quick Summary
This discussion clarifies whether rental income received by a Hindu Undivided Family (HUF) is subject to tax. It's confirmed that rental income exceeding the exemption limit of Rs 180,000 per annum is taxable in the hands of the HUF. A standard deduction of 30% is applicable against this income, with some debate occurring regarding the specific sections and applicability of standard deductions for different types of income.

Hey I think u don't know anything about sec 24 standard deduction against house property .
Why didi u bring salary into the issue .The query is about rental income.

Having lot of fun here .But it's not right place
Standard deduction applicable for whom dear?
rental income



u are having lot of fun here...
@ Sabyasachi.. kindly provide me the extract of the provisions so that even I can read.

@ Kotni.. Did u find anything regarding this?
Send me your request.


I will let u know.
Kindly provide the extract here..
If u do not know sec 16 read it and get back to me...





read it and get back to me.




ambiguous query need not be discuused so long....
For your kind information Mr. Sabyasachi.. here we are not talking about standard deduction of section 16, we are talking about standard deduction of section 24 I.e.30%.
Fir your kind information, why u hv considered STDs deduction income from house property.
Are you out of your mind? standard deduction has to be considered.Better u read section 24.
That has no connection with the original query



I am absolutely aware of the same.
Sec 24 deals with deduction for interest on loan.
Do not try to twist things as per your requirements.

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