Income from house property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 February 2014
Dear sir/Mam
I would like to know that if the property is rented out that what will be the maximun deduction of Interest on housing loan. The rental income is less than the interest paid on housing loan?
I would like to know that if the property is rented out that what will be the maximun deduction of Interest on housing loan. The rental income is less than the interest paid on housing loan?
13 February 2014
if the house is let out, then there is no limit on interest deduction. full amount shall be allowed...any interest paid in excess of rent shall be carried forward as loss.
13 February 2014
there is no limit for int deduction in case of LOP.
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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- Relief u/s Section 89
- Rent lease agreement
- TDS Challan Code
- Refund of 20%pre-deposit paid for stay application
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Supply through E-commerce Operators
- STCG on ETF gold & silver
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
