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Related to house property

This query is : Resolved 

29 August 2009 Hi all,

I want to ask that whether it is possible that any roperty which have been letout during the previous year & rent received from this property is less than of deduction claimed u/s 24(b) as payment of intt on housing loan, then loss under house property can be claimed or deduction u/s 24(b) is availed only upto the amount of rent received during the year and income under head House property becomes NIL???????????


Regards,
Neha Saini

29 August 2009 Income From The house property is not NIL BUT It is negative and carry forward for 8 years.



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