https://www.taxtmi.com/acts?id=11682 Allowable deductions from gross rent include taxes actually paid to the local authority, a standard deduction of twenty percent of gross rent for repair and maintenance, and interest on loans for acquisition, construction, repair, renovation or repayment of such loans. Pre-acquisition or pre-construction interest is deductible in five equal instalments starting from the year the property is acquired or constructed, reduced by any portion already allowed under other provisions of the Code. en-us Thu, 16 Sep 2010 18:31:20 +0530 Fri, 17 Sep 2010 13:22:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11682 Allowable deductions from gross rent include taxes actually paid to the local authority, a standard deduction of twenty percent of gross rent for repair and maintenance, and interest on loans for acquisition, construction, repair, renovation or repayment of such loans. Pre-acquisition or pre-construction interest is deductible in five equal instalments starting from the year the property is acquired or constructed, reduced by any portion already allowed under other provisions of the Code. Act-Rules Bills Thu, 16 Sep 2010 18:31:20 +0530 https://www.taxtmi.com/acts?id=11682