Hello All,
This is regarding the Loss from House Property in respect of Tax submission for the financial year 2014-15. I stay in bangalore on a rent in an apartment. In addition, I bought an already-constructed old house by Loan from a bank. Since the house is far away from where I am currently staying and in order to not inconvenience my children, I planned to let out the purchased property. I have two queries;
1. How do I claim 'HRA Exemption' as well as 'Loss from House Property' Tax benefit? Both the places are in the same city in Bangalore.
2. Since I had planned to let-out the property, I am still in the process of searching for suitable tenants. Since i haven't found any tenants till now, how do I claim loss from House property (Let out property)?
Please advice and help!
Thanks & Regards
Solomon
CAclubindia
