MR A OCCUPIED A HOUSE PROPERTY FROM APRIL TO DEC FOR HIS SELF RESIDENCE AND FROM JAN TO MAR HE LET HIS HOUSE FOR 10000 PER MONTH.HE PAID MUNICIPAL TAX 2000 AND INTEREST ON LOAN FOR 10000.PLS TELL ME WHETHER INTEREST IS FULLY DEDUCTIBLE AS LET OUT OR WILL BE DISTRIBUTED AS SELF OCCUPIED AND LET OUT PROPORTIONATELY?
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Clarification on house property
Replies (2)
Fully deductible.
You can deduct full
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