banner_ad

Tax on first house lying vacant

Tax queries 421 views 1 replies

Please help me with this.

I own a house in mumbai, and have not been residing in it as it is located far. Till last year ( 2011-12), I claimed a loss in house property ( interest- notional rent). Also I claimed HRA as per the IT rules. Last year I paid all the loans and now there is no interest to be paid.

This year, do i need to show the notional rent as income, claim HRA like last year or dont show the house income at all and clain HRA???

this is my first and only house.

Replies (1)
you can show such property as self occupied.. because i.tax allows you to claim one house property as self occupied... and since you are residing in a rented house you can claim hra also...


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details