Regarding house property
This query is : Resolved
20 June 2009
suppose,
GAV (-500000)in minus
_ municiple 10000
tax
--------
NAV (510000)
Can i claim for deduction available though
NAV is negative?
GAV (-500000)in minus
_ municiple 10000
tax
--------
NAV (510000)
Can i claim for deduction available though
NAV is negative?
20 June 2009
Loss on account of interest payment on borrowed capital is allowed to setoff against income other than capital gains.
Other than interest cost you can not claim deduction. Just file the return of income on time & carried forward such loss for setoff in succeeding year.
Other than interest cost you can not claim deduction. Just file the return of income on time & carried forward such loss for setoff in succeeding year.
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