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Mahesh

Mahesh Padmanabhan  |120 Answers  |Ask -

Tax Expert - Answered on May 03, 2023

Mahesh Padmanabhan has specialised in payroll, personal and corporate taxation for more than two and a half decades, enabling him to provide practical, realistic and correct advice to his clients.
He is a member of The Institute of Chartered Accountants of India and has a degree in cost accounting from the Institute of Cost Accountants of India.
He is also a qualified information systems auditor. ... more
Shakir Question by Shakir on Apr 10, 2023Hindi
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Hi sir . Hope alls well with you. Sir i am 75 years old woman. I hav a flat in south mumbai. I hav given it on rent to my sons 2 children . A boy and a girl both are salaried indiviuals in corporate sector. Boy is giving me rent of 49,500 permonth and claming HRA. Girl is giving me rent of 20,000 permont and claming HRA. Annual rent received by me is 8,34,000. Can i claim 30% standard deduction of 2,50,200 on rent received.

Ans: Hi Shakir Madam
Yes, the standard deduction is available to be claimed
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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