House Property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 January 2010
Q.Suppose a person have one house property which consisit of two units one is self occupied & another one is let out.
then can we claim loss on such house poperty in Income Tax Retun filled with Income Tax department.
then can we claim loss on such house poperty in Income Tax Retun filled with Income Tax department.
01 February 2010
You will have to do separate computation for both unit:
unit-I = Income from House Property used for self residence
unit-II = Income from House Property used for LET-OUT.
Now, if there is loss in TOTAL INCOME FROM HOUSE PROPERTY, then you can claim for deduction.
Regards!!!
unit-I = Income from House Property used for self residence
unit-II = Income from House Property used for LET-OUT.
Now, if there is loss in TOTAL INCOME FROM HOUSE PROPERTY, then you can claim for deduction.
Regards!!!
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 February 2010
Thanks very much sir
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