Rental income adjusting against loan interest
This query is : Resolved
10 August 2016
Sir / Madam,
I have purchased a house with bank loan and has paid Rs. 150,000/- in FY: 15-16 as interest component of total loan. This property has fetched a Rental Income of Rs. 120,000/- in FY: 15-16.
is there any possibility that I can adjust the rental income against the interest part of loan or what are different ways to save this income.
Regards,
I have purchased a house with bank loan and has paid Rs. 150,000/- in FY: 15-16 as interest component of total loan. This property has fetched a Rental Income of Rs. 120,000/- in FY: 15-16.
is there any possibility that I can adjust the rental income against the interest part of loan or what are different ways to save this income.
Regards,
10 August 2016
you can very well claim the interest on housing loan against the rental income.
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