House property & capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 October 2014
1. I have three house property.
one is self occupied 2nd is rented out 3rd is vacant.
3rd property is under loan and interest is rs.500000/- approx.
is the full interest is set off against rented out property.
one is self occupied 2nd is rented out 3rd is vacant.
3rd property is under loan and interest is rs.500000/- approx.
is the full interest is set off against rented out property.
Nikhil Kaushik
(Expert)
03 October 2014
each property is to be considered separately. the third property shall be considered deemed let out. Compute GVA for the same and then claim full interest deduction against this value
06 October 2014
yes agreed with above ans............
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