House property

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This query is : Resolved

Aditya (Querist)

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)

28 August 2014 the other shall be deemed let out propperty

Rupesh Jain

Rupesh Jain (Expert)

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)

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)

28 August 2014 then u need to take fair value prevailign as rent and deduct 30% from that

Aditya

Aditya (Querist)

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)

28 August 2014 yes as only in self occupied u can show -ve figures and not in case of dlop

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