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Income Tax - Highlights / Catch Notes

Home Highlights March 2019 Year 2019 This

Receipts from rent, derived from surplus space being let-out - ...


Assessee denied double deduction on rental income; can't claim both depreciation and Section 24 deduction.

March 19, 2019

Case Laws     Income Tax     HC

Receipts from rent, derived from surplus space being let-out - the assessee has claimed depreciation on the building, which was let out and on the other hand, wants to claim deduction u/s 24 as house property - Double deduction not possible.

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