Is the deduction of 30% of net annual rent received available under the new tax regime ?
[ income from house property]
and what about LTCG exemption of 1L
[income from capital gains]
Menu
Sec 24a deduction under new regime applicable ?
Replies (5)
New regime option was introduced from last assesment year. But this year,the same had been emphasized on the basis of bringing more revenues.
Yes, both deductions eligible under new tax regime.
Thank you Dhirajlal Sir
Most welcome...
Is 30% rebate and tax rebate available on rent receipt for AY 24-25 FY 23-24 in new regime
Recent Topic
- 194JB INCOME
- Filing ITR3 where income under section 44AD with L
- What is superannuation fund
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
- Real operational bottlenecks after firms use Tally
- Purchase return under gst
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
Related Topics
CAclubindia
