Related to house property
This query is : Resolved
Neha Saini
(Querist)
29 August 2009
Hi all,
I want to ask that whether it is possible that any roperty which have been letout during the previous year & rent received from this property is less than of deduction claimed u/s 24(b) as payment of intt on housing loan, then loss under house property can be claimed or deduction u/s 24(b) is availed only upto the amount of rent received during the year and income under head House property becomes NIL???????????
Regards,
Neha Saini
I want to ask that whether it is possible that any roperty which have been letout during the previous year & rent received from this property is less than of deduction claimed u/s 24(b) as payment of intt on housing loan, then loss under house property can be claimed or deduction u/s 24(b) is availed only upto the amount of rent received during the year and income under head House property becomes NIL???????????
Regards,
Neha Saini
CA CHINTAN AJMERA
(Expert)
29 August 2009
Income From The house property is not NIL BUT It is negative and carry forward for 8 years.
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