Residential rental income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 December 2012
Sir i have rented my flat and leaving on rent in another flat in same locality as i have to stay near my parents.
Can i show rental income as additional income and allow deductions for rent paid on rented flat in which i am staying at present.
Can i show rental income as additional income and allow deductions for rent paid on rented flat in which i am staying at present.
20 December 2012
No,
Only deduction u/s 24 i:e :
1. 30% standard Deduction
2. Interest on housing Loan
is allow to deduct.
Rent paid by assessee is not allow to adjust with his rental income in any case.
Only deduction u/s 24 i:e :
1. 30% standard Deduction
2. Interest on housing Loan
is allow to deduct.
Rent paid by assessee is not allow to adjust with his rental income in any case.
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Querist : Anonymous
Querist :
Anonymous
(Querist)
20 December 2012
thanx for the information
20 December 2012
Hi
If you are salaried you can claim HRA for rent paid.
Thnaks
If you are salaried you can claim HRA for rent paid.
Thnaks
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