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
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