hello sir,
my client having godown rent income as commercial property
....so can he claim standard
deduction 30 % under House property...or not....or his income is taxable as other source income
please answer thank you
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Rent income from house property
Replies (1)
Yes. It is taxable.
Income from House Property Becomes Taxable If the Following Conditions Are Met: The house property comprises of the building and/or any land attached to it. The taxpayer is the owner of the property. The taxpayer should not use the house property to run any business or profession.
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