06 March 2010
cliam of section 24(i) - strandred deduction will depand upon the type of HP i.e Let out or Self Occupied. In case of Self occupied Properties NO deduction would be allowed and in case of Let out, deduction u/s 24(i) standred deduction allowed.
But when Net annual value is Zero or negtive no Deduction can be claimed for the simple reason that deduction can be claimed out of positive income and not from loss or negative income
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