Income from house property

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21 Points Posted on 18 March 2021
House 1:-
loan to construct house 10,00,000 ;
loan obtained on 1 April,2015 ;
house construction on 1 June,2019 ;
rate of interest 10%.

House 2:-
loan to construct house 1,00,000 ;
loan obtained on 1 April,2016 ;
house construction on 1 January,2017 ;
rate of interest 10%.
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On 18 March 2021 at 00:12 Report
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Quick Summary
This discussion clarifies the tax treatment for income generated from house properties, particularly concerning home loan interest deductions. It addresses scenarios where properties are not self-occupied and explores how rental income is calculated and taxed. The conversation aims to provide a comprehensive understanding of the relevant tax rules.

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Chartered Accountant
24588 Points Posted on 18 March 2021
Whether both the houses are self occupied?
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On 18 March 2021 at 06:08
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21 Points Posted on 18 March 2021
Not self occupied
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On 18 March 2021 at 06:45
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Chartered Accountant
24588 Points Posted on 18 March 2021
So please elaborate. What is the amount of rent?
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On 18 March 2021 at 11:09
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17269 Points Posted on 18 March 2021
What is your exact query ?
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On 18 March 2021 at 11:55
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21 Points Posted on 18 March 2021
Photo nhi bej sekta hai kya tho kaha se
1 Reply
On 18 March 2021 at 18:58

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