Regarding house property
This query is : Resolved
20 June 2009
suppose,
GAV (-500000)in minus
_ municiple 10000
tax
--------
NAV (510000)
Can i claim for deduction available though
NAV is negative?
GAV (-500000)in minus
_ municiple 10000
tax
--------
NAV (510000)
Can i claim for deduction available though
NAV is negative?
20 June 2009
Loss on account of interest payment on borrowed capital is allowed to setoff against income other than capital gains.
Other than interest cost you can not claim deduction. Just file the return of income on time & carried forward such loss for setoff in succeeding year.
Other than interest cost you can not claim deduction. Just file the return of income on time & carried forward such loss for setoff in succeeding year.
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- FORM 26A APPLICABILITY
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
