I am staying at own house and partially letting out for rent. This is a residential house and it has only one house number. In that case do I need to consider it as two units?
For example I am getting 14000 as monthly rent, and my premium on loan and interest come around 2 lakh each per year. In this case how do I furnish my Tax declaration?
19 June 2013
You need consider these as two unit and accordingly segregate the entire thing. like annual value, your loan amount, interest, other expenses etc.