Step 4 Deductions from House Property

Last updated at April 16, 2024 by

There are 2 deductions from GAV to arrive at Income from House Property

1.Standard Deduction

2.Interest on Housing Loan

as shown below

   
NAV XX
Less  
Deductions from House Property  
Standard Deduction XX
Interest on Housing Loan XX
income from House Property XX

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.