Deductions and Allowances under the head 'Income from House Property' for the Assessment Year 2018-19 & 2019-20 |
Section |
Nature of Deduction |
Who can Claim |
UNDER THE HEAD “INCOME FROM HOUSE PROPERTY” |
23(1), proviso |
Taxes levied by local authority and paid by the owner |
All assessees |
24(a) |
Standard deduction [ 30% of net annual value] |
All assessees |
24(b) |
Interest on borrowed capital |
All assessees |
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