Income from house property
This query is : Resolved
04 October 2017
Dear sir,
Please advice on below :
• Municipal taxes paid is allowed as deduction from Gross annual value. The same can be availed for all let out properties . Is there any condition that let out property should be residential or commercial?
• Interest on housing loan taken – If I borrow money from a friend and pay interest on it, can i claim deduction under income from house property
• If interest in paid on DLOP (Deemed let out) , then what will be the interest limit? Unlimited as in case of LOP or 2L in case of self occupied?
Please advice.
Regards,
Please advice on below :
• Municipal taxes paid is allowed as deduction from Gross annual value. The same can be availed for all let out properties . Is there any condition that let out property should be residential or commercial?
• Interest on housing loan taken – If I borrow money from a friend and pay interest on it, can i claim deduction under income from house property
• If interest in paid on DLOP (Deemed let out) , then what will be the interest limit? Unlimited as in case of LOP or 2L in case of self occupied?
Please advice.
Regards,
04 October 2017
1 Municipal taxes paid is allowed as deduction from Gross annual value. The same can be availed for all let out properties .
2 If you borrow money from a friend and pay interest on it, you can claim deduction under income from house property
3 No limit for interest claim.
2 If you borrow money from a friend and pay interest on it, you can claim deduction under income from house property
3 No limit for interest claim.
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