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Direct Taxation

Deduction u/s 24(a) is applicable in both the cases right?

Soon to be CA

CA Inter

★ 4K+

13-Apr-24 08:09

374

Answers (3)

Yes 24(a) is available to individuals, no condition regarding residential status

subha krishnan

CA Final

★ 9K+

13-Apr-24 13:20

subha krishnan

Yes 24(a) is available to individuals, no condition regarding residential status

Then under ROR also we should deduct 30% right?

Thread Starter

Soon to be CA

CA Inter

★ 4K+

13-Apr-24 14:35

Yes we have to deduct. It is clerical error. Standard deduction is allowed for all types of persons.

Shiva Teja

Faculty

15-Apr-24 14:50

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