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Commercial Property Let Out 1) ITC can be claimed on Expenses of building?? 2) Will under Income tax Standard Deduction 30% also allowed??


Veera V

Veera V

CA Final

0

25-Nov-21

47

Answers (4)

no itc in not allowed on expense of building


sahil sheikh

sahil sheikh

CA Inter

6K+

25-Nov-21

GST ITC on repair and maintenance of Building can be claimed only if it amounts to routine repairs not the construction of the immovable property. Standard deduction u/s 24(b) is only applicable to house property (other than used for business / profession)


sudha reddy

sudha reddy

Moderator

2 days ago

sahil sheikh

no itc in not allowed on expense of building

Ok


Thread Starter

Veera V

Veera V

CA Final

0

2 days ago

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