Income from house property
This query is : Resolved
08 December 2011
IF MY SECOND HOUSE IS VACANT THEN CAN I CLAIM VACANT DEDUCTION AS INCOME TAX SECTION 24.
08 December 2011
You can claim only these two deduction u/s 24.
1. Sec 24A= standard deduction 30% of NAV
2. sec 24B= deduction for interest on loan taken for construction/repair of house as per limit prescribed.
1. Sec 24A= standard deduction 30% of NAV
2. sec 24B= deduction for interest on loan taken for construction/repair of house as per limit prescribed.
10 December 2011
NO MR. VISHAL LE ME FIRST THAT IF MY PROPERTY IS VACANT FOR THE ENTIRE YEAR , IN THAT CASE I HAVE ANY TAX LIABILITIES ON THAT.
10 December 2011
If the property is vacant then no tax liability on such property.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
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
- Pass word to open justification report for Q1 for FY 2026-27
- Section 194JA & JB Income which ITR Form to use
- PPF interest-As Exempt Income disclosure
- Scrutiny and reopening of past returns
- Type of Capital Gain
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- VALUATION OF PRIVATE LIMITED COMPANY SHARES
- Accounting with Claude
- TDS on Rent received on redevelopment of building
- Tax on Deemed Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- 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
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
