What is % of Standard Deduction from Rental Income for AY: 09-10 & AY: 10-11 ?
Shudhanshu Agrawal
(Business)
(2570 Points)
Replied 13 March 2010
Yes, there is no change in the rate of Standard Deduction. So it is 30%
CA AYUSH AGRAWAL
(Kolkata-Pune-Mumbai)
(26986 Points)
Replied 13 March 2010
Agree With Both Above Comment
Aditya Maheshwari
(CA in Practice)
(35867 Points)
Replied 13 March 2010
ds chauhan
(Sr. Accounts Officer)
(22 Points)
Replied 13 March 2010
Yes, the Standard Deduction is 30% calculating the rental income, in the head Income from House Property, as per income tax act 1961.
So full agreed.
itika mehra
(articled assistant)
(202 Points)
Replied 14 March 2010
yes its 30% of Net annual value.
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