HUF RENTAL INCOME

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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.

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Articled assistant
663 Points Posted on 30 April 2020
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
2 Reply
On 30 April 2020 at 22:29
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Profession
28271 Points Posted on 01 May 2020
Standard deduction applicable for whom dear?
rental income



u are having lot of fun here...
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On 01 May 2020 at 07:26
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837 Points Posted on 01 May 2020
@ Sabyasachi.. kindly provide me the extract of the provisions so that even I can read.

@ Kotni.. Did u find anything regarding this?
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On 01 May 2020 at 11:00
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Profession
28271 Points Posted on 01 May 2020
Send me your request.


I will let u know.
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On 01 May 2020 at 11:05
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837 Points Posted on 01 May 2020
Kindly provide the extract here..
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On 01 May 2020 at 11:57
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Profession
28271 Points Posted on 01 May 2020
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....
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On 01 May 2020 at 12:17
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837 Points Posted on 01 May 2020
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%.
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On 01 May 2020 at 14:44
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Profession
28271 Points Posted on 02 May 2020
Fir your kind information, why u hv considered STDs deduction income from house property.
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On 02 May 2020 at 08:20
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837 Points Posted on 02 May 2020
Are you out of your mind? standard deduction has to be considered.Better u read section 24.
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On 02 May 2020 at 12:40
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Profession
28271 Points Posted on 03 May 2020
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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On 03 May 2020 at 09:41

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