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Income from house property

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 June 2016 I have a flat in khargar navi Mumbai. It was given on rent from nov 15 to dec 16 at 20000/- a month. I have a interest liability on home loan of 225000/- for fy 15-16. pl guide me as to how to calculate income from house property with detailed calculations.
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
02 June 2016 Do you have any other income rather than House Property rent & interest ??
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Rupesh Jain

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Rupesh Jain (Expert)
02 June 2016 your income period for two year 2015-16 and 2016-17
5 month rent rs. 100000-30% for deduction after that -interest225000= loss 155000 for year 2015-16
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