Accountancy, asked by mayursingh1235, 4 months ago

Notional rent is taken in​

Answers

Answered by aksharasamskruthi
1

Explanation:

you get a standard deduction of 30% when calculating tax you pay on national rent under section 24 of theincome tax act. this direction of amount of expenses you have included for the maintenance

of of the property. in an example above, 30%of rupees 2 . 22 lakh aur or rupees rupees 66000 will be deducted.

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