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Section 24(b)

This query is : Resolved 
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(Querist)
05 December 2014 Dear Experts,

My client has 5 houses in his own name, in New Delhi purchased by him by taking Loans (separate loan for each house) from Bank.
Now only one house is let out @ 50,000 Rs. per month, one house is self occupied and remaining 3 houses are vacant for the whole year.

How should i claim Interest for each Loan.



Please Sir/ Madam Reply ASAP
Its too urgent,

Regards,
(Saurabh Khatri)
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
05 December 2014 yes ur ri8...correctly interpreted.
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CA Saurabh Khatri

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CA Saurabh Khatri (Querist)
05 December 2014 Ok Can you give the reasons to justify this means where it is written in the Act or is there any judgement on this.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
05 December 2014 refer sec 24(B) int ceiling of rs 1,50,000 is applicable only on sop for others there is no restriction.
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CA Saurabh Khatri

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CA Saurabh Khatri (Querist)
05 December 2014 Can you please tell me about the GAV (Gross annual value) of Vacant houses also, i.e, how to compute GAV practically?
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Aashok Kumar Sharma online

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Aashok Kumar Sharma online (Expert)
23 July 2025 https://docs.google.com/document/d/1qdTLEPR_c30DXlcVvFNo6dtS306OipRzm6Ve3nvgoAE/edit?usp=sharing
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