banner_ad

Declare as self occupied house

Tax queries 905 views 1 replies

i have only one flat in my name in nagpur and my place of service is also nagpur.

but i am staying in staff quarters. and my flat is lying vacant. i have taken home loan for the purchase of fully constructed flat.

can i declare the flat as self occupied and show the annual income  on the property as nil and claim interest of rs.140000 paid on home loans though it is lying vacant.

or whether i have show some rent on it though it is vacant.

 

Replies (1)
You can claim intt deduction u/s 24b on self occupied house despite you are living at office quarter.no need to show rent from self occupied property(rent income shall be taken nil and claim intt deduction up to 200000 in AY 15-16(up to AY it was 150000) .....if doubt still have refer sec 23(2) of income tax act 1961


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details