14 July 2011
Dear Sir, I had filed ITR electronically of my client (female assessee) showing salary income, one flat's rent income & second flat's loss from house property.But i got assessment order in that order dept has not considered the interest amount. can an owner of 2 flats get the benefit of loss from house property? if yes please write the case law if any decided previously. Illustration: salary 290400/
add: Rent 42000/-
Total 332400/- Less : Interest on loan 113865/- Balance 218535/- Savings 29427/- Taxable income 189108/- Tax NIL ( Female Assessee)
CAclubindia
