Interest paid for House whcih is given on Rent
This query is : Resolved
21 February 2020
Hello Friends,
A House is owned by me in mumbai. This House is given on rent and a housing loan is taken for this House.
House Rent Received during the Financial year 2018-19 is 175000 & Interest paid to Bank is 235000.
So, my query is what will be effect of such scenario.
How to show the Net Loss from Let Out Property ?
T & R
K P Bhanushali
A House is owned by me in mumbai. This House is given on rent and a housing loan is taken for this House.
House Rent Received during the Financial year 2018-19 is 175000 & Interest paid to Bank is 235000.
So, my query is what will be effect of such scenario.
How to show the Net Loss from Let Out Property ?
T & R
K P Bhanushali
21 February 2020
2,35,000 can be claimed as deduction u/s 24(b) leading to a loss under the head 'income from house property'.
07 April 2022
Thanks Sir for providing solution to my query
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- RCM INVOICING FROM NOV-2024
- Confusion around Form 26QB fields
- Tds on building rent monthly
- Sale of property furniture sale
- Applicability of Tax audit u/s 44AB of income tax act, 1961
- Question about eligibility for tax rebate u/s 87A
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- BUYING PROPERTY COULD NOT FILE 26QB
- Gst input for FY 23-24
- Regarding Waiver of Interest levied u/s 50 of PGST/CGST Act
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- GST Regis.
- IGST Credit-Show cause notice issued-confusion
Trending Online Classes
CAclubindia
