Interest paid for let-out property
This query is : Resolved
Kausalya J
(Querist)
05 March 2014
While computing TDS - salary, how to take the Interest paid for Let-out house property? Where should be the Income from House property (Rent) be shown? Should it be considered for salary TDS purpose?
While computing TDS - salary, how to take the Interest paid for Let-out house property? Where should be the Income from House property (Rent) be shown? Should it be considered for salary TDS purpose?
Rupesh Jain
(Expert)
10 March 2014
if you have let out property then
loan taken for that let out property then you can claim intt. on loan which use for purchase/buy this let out property
and you can calim w/o any limit intt. amount for that .
Rs. 150000/- limist u/s 24 for self resident property not for let out property
loan taken for that let out property then you can claim intt. on loan which use for purchase/buy this let out property
and you can calim w/o any limit intt. amount for that .
Rs. 150000/- limist u/s 24 for self resident property not for let out property
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Kausalya J
(Querist)
10 March 2014
Thank you Mr. Rupesh Jain
10 March 2014
for let out property there is no limit of 150,000 and income must be shown as income from house property.
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Kausalya J
(Querist)
10 March 2014
Thanks Tushar Sir.
Thanks Tushar Sir.
10 March 2014
you are welcome and u must directly asked to me any query on my profile post the link every tim when u post it in expert section...
Kausalya J
(Querist)
10 March 2014
Yeah sure...you are in my FB friends list too...
Yeah sure...you are in my FB friends list too...
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