Is Std Deduction on Rent allowed every year?

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  1. Shankar Guru

    Shankar Guru New Member

    There is a 30% standard deduction on rental income received during a financial year towards repairs and maintenance expenditure irrespective of whether incurred or not. My question is:

    Whether this standard deduction can be availed every financial year?
    or
    Is there a restriction like it can be availed once in few years and cannot be availed in consecutive financial years?
     
  2. Parul_Gupta

    Parul_Gupta Active Member

    This Standard Deduction can be claimed every year
     
  3. Agree with Akansha.
     
    Parul_Gupta likes this.
  4. Shankar Guru

    Shankar Guru New Member

    Thank you !
     
    Parul_Gupta likes this.
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