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IFHP/Total income

Direct Taxation

If rental income from let out property is given then we have to deduct, 30% std. Deduction or it's already been deducted???

Screenshot_2024-02-18-18-24-45-60_e2d5b3f32b79de1d45acd1fad96fbb0f.jpg

Nikhil Tiwari

Nikhil Tiwari

CA Inter

15K+

19-Feb-24 12:34

80

Answers (2)

Best Answer

If rental income is given then we need to deduct standard deduction @30% as per Section 24(a).


Shiva Teja

Shiva Teja

Faculty

19-Feb-24 15:55

We need to deduct deduction


Revathy N

Revathy N

CA Final

9K+

19-Feb-24 12:39

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