My Friend own a house for which he has taken Govt loan with enjoying tax benefits. Now He has shifted to govt quarters keeping his house locked. can we add fix amount is taken as rent and can it be calculated for income tax calculations ?
My Friend own a house for which he has taken Govt loan with enjoying tax benefits. Now He has shifted to govt quarters keeping his house locked. can we add fix amount is taken as rent and can it be calculated for income tax calculations ?