Question

A sum equal to 30% is allowed as deduction from the annual value as​

Answer 1

A sum equal to 30% is allowed as deduction from the annual value as​ B) Standard Deduction.

What is standard deduction?

• If a property is let out, 30% of the net annual value of the house can be deducted as standard deduction.
• We can simply describe standard deduction as 30% off from the net value.
• Hence, the answer to the above question is standard deduction.
• The 30% deduction can still occur if the original expenditure of the property is whether high or low.

To learn more about standard deduction,

What percentage is allowed as Standard deduction.

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Answer 2

Explanation:

A sum equal to 30% is allowed as deduction from the annual value as Standard Deduction...