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This query is : Resolved

Neha Saini (Querist)
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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

CA CHINTAN AJMERA

CA CHINTAN AJMERA (Expert)
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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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