i rented house & got rent Rs. 72000/- during the FY 2017-18. i want to know this full amount is taxable or any deduction will get from above rent rec'd. please let me know.
yes if u have taken a loan then u will ger an exemption of interest u/s 24a and a standard deduction of 30% of net annual value . net annual value = gross annual value - municipal tax paid .
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