I have 2 houses, one is let out and has no loan taken on it but other is self occupied and has loan interest of 4.5 lacs paid on it during the year. Since I can only claim benefit of 2 lacs u/s 24(b) on self occupied though interest paid is 4.5 lacs, can I show the second property of self occupied as let out to my brother as say I have let out 2 rooms to him at 7,000 per month to be able to claim complete 4.5 lacs as deduction u/s 24(b)?

person living in mumbai on rent and his family living in banglore(Own house) how we will compute income from house property?

if company not give benefit of house rent. can i take benefit in ITR.

Respected Sir ,

My client's Gross arrears salary is (3,12,085)
Deductions
--------------
PF (29,605)
Income Tax (10,000)
SIP (7750)
========
Net arrears Salary Received 264730

for Claiming Releif u/s 89 , Gross arrears salary Considered or net ??

Thanking You

I jointly inherited a house from my father (expired ).It is vacant,no rental income but yearly expenses like Municipal tax,repair,electricity, are incurred by me.
I don't have any other house and staying in other city on rental accommodation for job.

While filing ITR ,how to consider this ,any tax impact?

Kindly guide

Regards

Dear sir/dear madam, if by the way 31st July 2017 is not extended what will be the worst consequences for the returns to be filed after 31st July 2017 for the Ay 2017-18. I have heard that a sum of Rs 5,000 on account of penalty shall have to be paid before filing the income tax return. This is rumor or fact. Please guide me. I am mentally upset.

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