One of My client is engaged in the business of constructing and letting out business parks and complexes.During the FY 09-10,it obtained Building Completion Certificate for one of its Business Park in May but the same remain vacant till the end of the year and no rent income is earned.Whether loss from house property can be booked to the extent of interest paid on the loan since there is no income.
3 Replies
CA Namrata ghosh
(CA)
(55 Points)
Replied 05 August 2010
Ur client is engaged in the business of constructing and letting out business parks and complexes.If there is no income comes from the business during the f.y 2009-10;business loss will arise due to interest .
Dipali Rajaram Naik
(Accounatant)
(22 Points)
Replied 25 January 2012
I purchase house in Dec 2011 possesion get in April & payment made in 14 th Jan. Can i get deduction on stamp duty u/s 80c in this year?
Dipali Rajaram Naik
(Accounatant)
(22 Points)
Replied 25 January 2012
I purchased house in mira road bt i stay in rented house & new house is vacant. company provide HRA to me. can i get deduction on interest which i pay u/s 24?
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