Income tax exemption for home loan

Sir

I have an house at my home town at Hansiawas a remote village dist Churu Rajasthan and this contructed by availing loan and complete loan repaid in FY2012-13.  Now I have purchased a flat in Bangalore by availing loan of Rs 20,0000/- and I am staying in this flat and plaining to claim tax rebate. But my house at home town lying vacant because I am defence personal and I am using my home town home when I am going on leave to my home town. Now my quiry is That How to show my home town house income in income tax return once lying vacant and I do not know the standard rent rate in remote village. Please assist me.

Om prakash Poonia

Replies (1)

Check your panchayat house tax bill, standard rent figure would be mentioned there. Or take deemed rental income as one prevailing in the nearby area.

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