House Property

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

31 January 2010 Q.Suppose a person have one house property which consisit of two units one is self occupied & another one is let out.
then can we claim loss on such house poperty in Income Tax Retun filled with Income Tax department.

CMA. Dinesh S Adhikari, ACMA

CMA. Dinesh S Adhikari, ACMA (Expert)
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01 February 2010 You will have to do separate computation for both unit:

unit-I = Income from House Property used for self residence
unit-II = Income from House Property used for LET-OUT.

Now, if there is loss in TOTAL INCOME FROM HOUSE PROPERTY, then you can claim for deduction.

Regards!!!

Querist : Anonymous

Querist : Anonymous (Querist)

01 February 2010 Thanks very much sir

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