House property income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
29 January 2015
I have Three Flats - A, B and C. Flats B and C are loan free and are given on Rent with a consolidated earning rental income of Rs. 3.0 Lakhs. Flat A is purchased against Home Loan and the annual Interest component is Rs. 4.5 Lakhs. Can the Home Loan Interest of Flat A be set off against the Rental Incomes of flats B and C?
29 January 2015
the ans is no as only u can set off against home A and that too after deciding which is sop and others as lop
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