deduction u/s 24
This query is : Resolved
14 July 2011
sir,
Asstt. year 2011-12
the house property was purchased on may 2010 with borrowed capital and was let out for months i.e.june, july, aug. and sep.2010. For the rest of period house was self occupied. The intt. paid on borrowed capital was 185568.00. What shall be my deduction u/s section 24 in this case. and what shall be my house property income
Asstt. year 2011-12
the house property was purchased on may 2010 with borrowed capital and was let out for months i.e.june, july, aug. and sep.2010. For the rest of period house was self occupied. The intt. paid on borrowed capital was 185568.00. What shall be my deduction u/s section 24 in this case. and what shall be my house property income
14 July 2011
the house property will be considered as a Let out Property only, Interest will be allowed fully,
15 July 2011
You can calim interest based on letout and selfoccupied basis.
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