Income Tax benefit (on Rental Income) on Solar Power Panel system purchased

Solar Power Panel System purchased (costing Rs.190000) for Building and the building is given on rent. The individual has only Rental Income. So whether he can claim any deduction under Income tax against Rental income. (A.Y. 2020-21)

Replies (5)
Quick Summary
This discussion explores whether an individual can claim income tax deductions on a solar power panel system purchased for a rented building. While a standard 30% deduction is available for house property income, the consensus suggests that specific deductions for the solar panel cost itself against rental income are generally not permissible under Indian Income Tax laws for the relevant assessment year.

No he can't
standard deduction of 30% allowed against rental income
30% standard deduction allowed provided it is considered as House property
No such deduction can be claimed
Can claim , tax paid on the said building & standard deduction @ 30%
Only std allowed of 30% in HP

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