House property

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Aditya (Querist)
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28 August 2014 Dear sir,

i want to know that can i claim interest for the house property remain vacant for whole year, or should i have to show some rent received for claiming interest deduction.

i have two house property and i am residing in a rented property due to employment.

please suggest urgent

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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28 August 2014 the other shall be deemed let out propperty

Rupesh Jain

Rupesh Jain (Expert)
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28 August 2014 if you have on self occupied house . then you have to declare as let out and claim the intt.

Aditya

Aditya (Querist)
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28 August 2014 yes,
but while filling the IT return can i claim interest without showing the rent amount as actully i did not received any amount towards the flat.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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28 August 2014 then u need to take fair value prevailign as rent and deduct 30% from that

Aditya

Aditya (Querist)
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28 August 2014 okk thank you...means simply i have to show a fair rent(fair value) to claim interest deduction.

thanks

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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28 August 2014 yes as only in self occupied u can show -ve figures and not in case of dlop

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