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

 Lets study these in detail

  1. Income Tax
  2. Income From House Property
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CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides GST Training in Delhi. Register now.