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Income from house property
Direct Taxation
What does the underlined sentence mean
Answers (2)
That means that Rs.10,000 was unrealised rent but only 7,000 was claimed as deduction, this year, the balance 3,000 can be claimed as deduction from the unrealised rent of Rs.8000 recovered this year. So the taxable unrealised rent recovered is Rs.5000 (8000-3000) and further standard deduction of 30% allowed from 5000
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