Income from partially let out house
This query is : Resolved
19 June 2013
Hello
I am staying at own house and partially letting out for rent. This is a residential house and it has only one house number. In that case do I need to consider it as two units?
For example
I am getting 14000 as monthly rent, and my premium on loan and interest come around 2 lakh each per year. In this case how do I furnish my Tax declaration?
Thanks
I am staying at own house and partially letting out for rent. This is a residential house and it has only one house number. In that case do I need to consider it as two units?
For example
I am getting 14000 as monthly rent, and my premium on loan and interest come around 2 lakh each per year. In this case how do I furnish my Tax declaration?
Thanks
19 June 2013
You need consider these as two unit and accordingly segregate the entire thing. like annual value, your loan amount, interest, other expenses etc.
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