Allowable exps in partnership from house property incom
This query is : Resolved
Rakesh Raval
(Querist)
05 April 2014
Partnership earn income from house property and firm has huge b/f losses. Then firm which type of expenses claim under house property income and b/f losses set off against the house property income.
Rupesh Jain
(Expert)
05 April 2014
rental income - house tax - 30% of remaining u/s 24 as deduction can calim
business loss can set off with business income, house property loss can set off with house property income.
business loss can set off with business income, house property loss can set off with house property income.
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