hi can i avail house property loss from salary?
what if i rented only half house other half one used for self occupation?
Suraj S
(Audit Executive)
(335 Points)
Replied 11 February 2012
Yes, HP Loss can be set-off against Salary Income. It does not make difference whether half of the house is self occupied or not.
GOPAL AGGARWAL
(DOING NOTHING)
(1339 Points)
Replied 11 February 2012
yes u can avail the loss even the same is not rented
u can avail the ded of intt payment of H/Loan
Tanash Chakraborty
(KPMG)
(292 Points)
Replied 12 February 2012
half of the house prperty will be treated as self occupied and half will be let out
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