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An urgent query on advance tax

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(Querist)
08 February 2013 Hello Everyone,

I had one more query ..

An asses see having a Deemed to be Let out Property For which he has 2,40,000 Interest on housing Loan so my question is that while Calculating ADVANCE THE WORKING Can we Take Rs. 2,40,000 or Rs. 1,50,000 (the basic limit) ..



thanks alot in advance ..!
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CA Ayush Agarwal

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CA Ayush Agarwal (Expert)
08 February 2013 Since Its let Out Property Then You Claim Any Amt. That is 2.4 Lacs in Your Case, Provided There Should be One Self Occupied Property Other Than Above Discussed.
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Prakash Tolani

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Prakash Tolani (Expert)
21 March 2013 It is deemed let out, whole interest is allowed
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