Income from house property
This query is : Resolved
30 January 2013
what is treatment of loss due to vacancy if the house property is vacant for the whole year?
31 January 2013
it shall be set off with current year income or if there's not any income , it shall be carry forward
Message likes :
1 times
01 February 2013
1. The loss from the house property will be adjusted as per section 71B of the Income tax Act 1961 .... for 8 years against any income except salary income ....
2. If it is due to vacany then the income from house property will be nil ....and no loss will come ... but if you are deducting interest on bank loan , then the loss will come ... that loss will be adjusted against any income except income from salary ....
HOPE THIS WILL SOLVE YOUR QUERY ....
2. If it is due to vacany then the income from house property will be nil ....and no loss will come ... but if you are deducting interest on bank loan , then the loss will come ... that loss will be adjusted against any income except income from salary ....
HOPE THIS WILL SOLVE YOUR QUERY ....
Message likes :
1 times
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
- About TDS & Income Tax
- Section 194JA & JB Income which ITR Form to use
- Pass word to open justification report for Q1 for FY 2026-27
- PPF interest-As Exempt Income disclosure
- Under construction property in ITR
- Scrutiny and reopening of past returns
- Booth for sales promotion
- Upload Level ValidationITR3Category of Defect B/D
- Building tax payment deduction in rental Income
- F & O PROFIT REPORTING FOR AY 2026-27
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
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
