I have a flat in hyderabad and i stay in another city, my tenants recently vacated the flat, this is my only flat and i do not own any other properties. as of now the flat is vacant, if the flat stays vacant for a long time, at the time of filing ITR how can i submit loss of rental income. please advise.
Menu
Loss of rental income
Replies (1)
Rent is income. In case of its vacancy, you are not allowed for any loss. On the contrary ITD expect tax over deemed rental income, unless you declare it as self occupied.
Recent Topic
- GST on Post-OC Installments – Payment Milest
- Sec-54F exemption and Carry forward losses
- FEMA treatment — USD gift from LRS-funded fo
- RSU and Schedule FA related
- ELIGIBILITY FOR COMPOSITION SCHEME
- Doubt regarding the purpose of Section 52(3) of Co
- 112 A Filling
- Long Term Capital Loss in ITR2
- LOAN INTEREST BENEFIT ON NEW TAX REGIME
- Retirement funds under new tax regime
Related Topics
CAclubindia
