IndigoLearn

Forums

All Topics Accountancy Auditing Corporate & Other Laws Direct Taxation Indirect Taxation Financial Management Economics Costing Strategic Management Maths & Stats Exams Others AFM Financial Reporting CFA Level I

Residential Status

Direct Taxation

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

CA Final

★ 14K+

19-Feb-21 18:24

335

Answers (4)

Pls share question.

CA Suraj Lakhotia

Admin

19-Feb-21 18:28

CA Suraj Lakhotia Admin

Pls share question.

Both of these sir

Thread Starter

Priyanka Udeshi

CA Final

★ 14K+

19-Feb-21 18:43

Thread Starter

Priyanka Udeshi

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

CA 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