Dear,
If I taken possession of 2nd house in lash week of March-19 and loan EMI started from March-19 and no rent Income.
Please give me your opinion, how to show deemed rental income in ITR.
I am taking deduction of interest on loan EMI from my salary income.
Also will I require to show loan in AL if I am not showing 2nd house in this year return.
Please advise in all aspects.
Thanks
Ashok Agarwal
You can show 1 month rent in ITR.
ITR 2 has provision for deemed income.
You have to show your second house in sch. AL, when declaring loan against it.
CAclubindia
