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.
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Deduction of Interest in case of Vacant House Property
Replies (3)
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 .
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?
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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