Interest on home lone
This query is : Resolved
12 February 2018
we have taken housing loan from the bank. till march-2017 we have recd rent and adjusted the interest on housing loan. but the same building was leased out for 3 years in the month of june-2017. My doubt is shell we claim the interest from rent recd on other property.Kindly treat this as urgent and give your valuable advise in this regard
Thanks in advance
K.B.Nagesha Rao
9448826793
Thanks in advance
K.B.Nagesha Rao
9448826793
12 February 2018
Interest on loan taken for a property to be adjusted first from the income of same property. The unadjusted interest can be adjusted against income from other property also.
12 February 2018
my doubt is shall we show any notional income as the property was leased out and not getting any income. thanks
21 October 2021
Yes, if you already have any other SOP.
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
- PPF interest-As Exempt Income disclosure
- Section 194JA & JB Income which ITR Form to use
- Scrutiny and reopening of past returns
- Under construction property in ITR
- Pass word to open justification report for Q1 for FY 2026-27
- Booth for sales promotion
- Building tax payment deduction in rental Income
- Upload Level ValidationITR3Category of Defect B/D
- FEMA regulation Act. for inward remitance
- GST ON TRAVELLING BILLS
- F & O PROFIT REPORTING FOR AY 2026-27
- 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
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
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
