Income from house property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 June 2016
I have a flat in khargar navi Mumbai. It was given on rent from nov 15 to dec 16 at 20000/- a month. I have a interest liability on home loan of 225000/- for fy 15-16. pl guide me as to how to calculate income from house property with detailed calculations.
Murtaza I Bhagat
(Expert)
02 June 2016
Do you have any other income rather than House Property rent & interest ??
Rupesh Jain
(Expert)
02 June 2016
your income period for two year 2015-16 and 2016-17
5 month rent rs. 100000-30% for deduction after that -interest225000= loss 155000 for year 2015-16
5 month rent rs. 100000-30% for deduction after that -interest225000= loss 155000 for year 2015-16
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