02 July 2009
if a person having housing loan for the past 2 years but due to economical status and some other reason he need's to shift the residential area by leaving the current home for rental and take one rental home for staying now how to calculate is house property income and he is a salaried person.
02 July 2009
In given case, he is having rental income from let out of house. calculate the income from HP on the basis of rental to be recd less standard deduction of 30% on rent less interest repaid to bank on loan u/s 24b
Also, take the benefit of principal repayment u/s 80c
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