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.
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............
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Treatment of Renting of Villa
- ITR filing obligation due to savings deposit
- Issue with no residency during Jan, Feb, March 2025 due to diff. between US and India tax years.
- DTAA India & UAE
- House keeping and security services ITC can claim
- Tax payment deduction from house loan EMI
- NRI as second account holder of resident account
- WHAT TO SELECT IN 27Q TDS RETURN ? PAYMENT TO NON-RESIDENT
- To Keep Records
- Taxability of Capital gain - cancellation of agreement
- TDS deduction.
- Leave taken during Extension period of Articleship
- Regarding TDS deduction before 15CA filing
- Reversal of Interest provision in case of MSME buyer
- ITC CLAIM ON CLEARING AND FORWARDING CHARGES IN CASE OF IMPORT
- Regarding 15CA.
- Others and immediately
- INVOICE VALIDATION IN GST
- GST refund claim on Purchase of Commercial Building
- GST on tour packages service
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
