rent income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 October 2010
person is paying housing loan interest Rs.-113211 receiving rent income Rs.122000 ag.this property and paid rent income Rs.100000/ now query is rent paid is adjustable ag.rent received or not what is the right way
28 October 2010
From rent income only interest and 30% on account of maintainence can be deducted nothing else.
29 October 2010
Hi,No it cannot be adjusted.
29 October 2010
which rent paid u r talking about? is it ground rent or any other pymt for the property, then only 30% flat deduction & intt will be deducted and nothing else.
if that rent paid is for some other property where the owner himself is residing, then he will get no exemption unless he is getting HRA.
if that rent paid is for some other property where the owner himself is residing, then he will get no exemption unless he is getting HRA.
29 October 2010
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