DEEMED TO BE LET OUT PROPERTY
This query is : Resolved
17 July 2024
If a person has two house property. For one house property he has paid interest on borrowed loan of Rs.67000/-. The said house property is let out property against which he claims interest on home loan.
For second house property he has paid interest on home loan of Rs.408368/- which is self occupied. Whether this second house property can be declared as demeed to be letout property in order to carry forward the loss above limit of Rs.200000/-.
For second house property he has paid interest on home loan of Rs.408368/- which is self occupied. Whether this second house property can be declared as demeed to be letout property in order to carry forward the loss above limit of Rs.200000/-.
17 July 2024
No. It is self occupied property, cannot be declared as deemed let out.
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