Easy Office
LCI Learning

Income from house property

This query is : Resolved 
Profile Image

Profile Image

(Querist)
08 December 2011 IF MY SECOND HOUSE IS VACANT THEN CAN I CLAIM VACANT DEDUCTION AS INCOME TAX SECTION 24.
Profile Image

CA VISHAL RANA,CS,B.Com,AMFI

Profile Image

CA VISHAL RANA,CS,B.Com,AMFI (Expert)
08 December 2011 You can claim only these two deduction u/s 24.


1. Sec 24A= standard deduction 30% of NAV

2. sec 24B= deduction for interest on loan taken for construction/repair of house as per limit prescribed.
Profile Image

SUBHASH JAIN

Profile Image

SUBHASH JAIN (Querist)
10 December 2011 NO MR. VISHAL LE ME FIRST THAT IF MY PROPERTY IS VACANT FOR THE ENTIRE YEAR , IN THAT CASE I HAVE ANY TAX LIABILITIES ON THAT.
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

Dintakurthi Tirumala

Profile Image

Dintakurthi Tirumala (Expert)
10 December 2011 If the property is vacant then no tax liability on such property.
OM SAI SRI SAI JAI JAI SAI

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links