Income from house property

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Dear Experts,

I own a shopping complex let out to bankas and other sundry tenants. ITR Form 4 HUF.

MY QUERY :

1) am i eligible to deduct the interest paid to the bank loan ( loan availed for construction of shopping complex) under current year loss as specified in income tax verification form.

2) am i eligible to deduct the 30% satutory deduction from net annual value income under current ear loss as specified in income tax verification form.

KIndly clarify my queries

Regards

Dr.Raja.

Replies (1)

1. Yes

2.Yes, of the gross rent receipts


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