Income tax under 24
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 January 2013
I have 1 bhk ( Self accupied )with out any burden of any Financial Institute.
Now in dec 12 i purchase new flat.so,
Pl tell if i rented out this new flat,then can i take hole interest amount subsidy under 24c.
Now in dec 12 i purchase new flat.so,
Pl tell if i rented out this new flat,then can i take hole interest amount subsidy under 24c.
Amol S Joglekar
(Expert)
02 January 2013
for rental income, the entire amount of interest on housing loan can be deducted from the NET maintenable rent.
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