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Income from house property.

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fresher
193 Points Posted on 25 July 2018
I have home loan interest payment 4,00,000/-.
Also I receive rent income of 10,000/- monthly.

so I will calculate.
interest amount will be taken 2,00,000/- or 4,00,000/-
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On 25 July 2018 at 21:21 Report
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23 Points Posted on 25 July 2018
a12345654321shsbsbsbshs shs shsbshsvsjsvs
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On 25 July 2018 at 21:37
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"Do the Right Thing...!!!"
128152 Points Posted on 25 July 2018
Rs. 2lakhs...


Can you explain your query again with details of house property...!
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On 25 July 2018 at 21:45
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fresher
193 Points Posted on 25 July 2018
Interest on home loan : 4,00,000/-,
Rent received on above home : 1,20,000/-
Municipal taxes: 12,000/-,
for the F.Y. 2017-18.
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On 25 July 2018 at 22:33
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12244 Points Posted on 26 July 2018
gross annual value - 120000
less municipal taxes - 12000
net annual value - 108000
less standard deduction - 36000
less interest on borrowed capital - 272000
loss from house property - 200000 (can be set off against other sources of income)
balance loss to be carried forward - 138000
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On 26 July 2018 at 00:03


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