TREATMENT OF INTEREST IF HOUSE PARTLY LET OUT
This query is : Resolved
MANOJ KUMAR SINGH
(Querist)
01 June 2011
Dear Sir
If a house is partly let out in a financial year then what will the treatment of interest on House Loan . Whether the whole interest amount is deductible u/s sec 24(b) as in case of fully let out in year or it will be treated in some other manner in case of partly let ou
If a house is partly let out in a financial year then what will the treatment of interest on House Loan . Whether the whole interest amount is deductible u/s sec 24(b) as in case of fully let out in year or it will be treated in some other manner in case of partly let ou
CA PARAS BAFNA
(Expert)
01 June 2011
The house can be shown as remained vacant in the absence of availability of a good tenant.
However, interest can be claimed for the full 12 months in any case.
However, interest can be claimed for the full 12 months in any case.
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