Rental income
This query is : Resolved
04 October 2013
I have a property that we have purchased through Bank Loan, now 50% portion of property is self use & 50% we have given on lease. Can we use 100% Interest amount paid to bank as expense from rental income or only 50% can be use. Pls. Confirm.
04 October 2013
since ur the owner of 100% even though 50% given on lease still u will be eligible for 100% int deduction from rental income if it is considered as income from other source.
04 October 2013
If in company there is only rental income
05 October 2013
then its not business income or income from other sources but income from house property only and then u can only take 50% of benefit.
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