ASSESSEE HAS 3 PROPERTIES- A, B, AND C.
ALL 3 PROPERTIES ARE GIVEN ON RENT.
PROPERTY B AND C ARE COMMERCIAL
PROPERY A IS RESIDENTIAL
AND
ASSEESSEE HIMSELF LIVING ON RENT.
TOTAL RENT INCOME FROM ALL PROPERTIES AFTER 30% STD DEDUCTION - 12,00,000/-
INTEREST PAID ON PROPERTY-A DURING THE YEAR - 20,00,000/-
CAN HE CALIM 20,00,000 IN FULL AS INTEREST OR 1,50,000 ONLY??
THANKS IN ADVANCE
CAclubindia
