Deduction due to house rent given
This query is : Resolved
Kalyan Ghosh
(Querist)
15 October 2018
My son stays in a self occupied flat owned by him.Now he has been transferred to another city.My son wants to move to the new city giving own house to a tenant on rent.. In the new city he wants to rent a flat for his dwelling.
My question is for the next income tax filing
1) Whether my son can enjoy tax benefits due to the house rent given .by him in the new city
2)Of course the Rental Income earned by him in his original city should be shown as Income from House Property
Please reply.
My question is for the next income tax filing
1) Whether my son can enjoy tax benefits due to the house rent given .by him in the new city
2)Of course the Rental Income earned by him in his original city should be shown as Income from House Property
Please reply.
15 October 2018
1) Seems eligible to claim. See section 80GG of the Income tax Act,1961.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Clarification on GST, TDS, and Accounting Provisions for Import/Export
- Clarification on GST, TDS, and Accounting Provisions for Import/Export Commission Agents,profes. ser
- Reward for festival
- 18% Rent a cab
- Import of Capital Machine
- Closer of business and itc of capital goods
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- Capital gain on commercial property and investment in residential property
- Appointment of Auditor By Form ADT-1
- RCM and same line
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
