Sec 24
This query is : Resolved
26 June 2014
Dear experts,
is it possible to claim interest on borrowed funds for two house properties, (both are letout properties).
26 June 2014
depending on whether you have business income or not, use ITR2 or ITR4 (assuming that you are not a firm, AOP, society or a company). In the "HOUSE_PROPERTY" Sheet, provide details of each property like address, your ownership percentage, Y in the column "is the property let out?", rent received and in row "g" interest paid on borrowed capital for each property separately.
26 June 2014
depending on whether you have business income or not, use ITR2 or ITR4 (assuming that you are not a firm, AOP, society or a company). In the "HOUSE_PROPERTY" Sheet, provide details of each property like address, your ownership percentage, Y in the column "is the property let out?", rent received and in row "g" interest paid on borrowed capital for each property separately.
27 June 2014
yes you can claim the intt paid of let out house but for that you have to give full particulars and also you have documents under with you prove your income and interest.
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
- Price inclusive or exclusive of GST while made entry in P& L Account
- Dep. as per companies act
- Tds on commission charges
- TDS on Complimentary "Desi Ghee and Gold Coin" Provided to KBC Contestants
- Applicability of GST on Salary Reimbursement Component
- Minimum tax payable to file Updated return
- TDS on TRUST
- CHECK RELATED
- Salary from Qatar in Dollars in India
- Regarding Applicability of Tax Audit u/s 44AB
- GST ISSUE OF INPUT AND OUTPUT GST
- Tax rate change regarding
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
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
Quick Links
ARTICLESHIP
30 September 2026
CA Article Assistant
CA Suraj Garg & Associates
New Delhi
CA Final
View Details
ARTICLESHIP
15 September 2026
Freelance Taxation Content Writer Intern
Interactive Media Pvt Ltd.
New Delhi
CA Inter
View Details
ARTICLESHIP
18 September 2026
Industrial Trainee
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
View Details
Featured
12 September 2026
Assistant Manager - Finance & Compliance
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
View Details
CCI
Pro
CAclubindia
