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 Topics :
- On which amount 200% penalty under section 270A is
- RECEIVED INTIMATION U/S 399 FOR TDS PAYMENT ON PRO
- How do CA firms track SEBI/AMFI circulars and dead
- Jurisdictional validity of Sec 148 notice after fa
- Taxable Income or Not
- GST Input Tax Credit (ITC) on Camera Purchase &
- What makes CA Himanshu Singla different from other
- TAX TREATMENT AND ACCOUNTING ENTRIEOF PERQUISITES
- Gifting money to my father-in-law (my husband's da
- GSTR-1 JSON from marketplace exports (Myntra / Ama
Related Topics :
CAclubindia
