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Sir in case of problems having Rent from Properties no deduction of 30% is taken for rent in the lecture while in icai module illustration 30% deduction has been made upfront So what do we have to do exactly sir?


Priyanka Udeshi

Priyanka Udeshi

CA Inter

5K+

19-Feb-21 18:24

29

Answers (4)

Pls share question.


Suraj Lakhotia

Suraj Lakhotia

Admin

19-Feb-21 18:28

Pls share question.

Both of these sir

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Priyanka Udeshi

Priyanka Udeshi

CA Inter

5K+

19-Feb-21 18:43

Both of these sir

Our questions have Income. ICAI questions have rent. You will understand about income from house property in a separate chapter i.e. how to derive income if rent is given


Suraj Lakhotia

Suraj Lakhotia

Admin

20-Feb-21 14:17

Income from House Property means,the income derived net of all deductions under that head. If the question directly mention Rent ,you have to work out deduction U/s 24 a & sec.24 b


manasa preeshma

manasa preeshma

CA Foundation

825

20-Feb-21 17:59