sir,
i have one resident property and one shop (vacant)
should i consider both property as a nil under house property income or mandatory to show one property under deemed income.
4 Replies
CA Aakarsh Jain
(CA)
(10431 Points)
Replied 23 December 2021
We can show two properties as self occupied, so you don't need to show deemed income
Nitin Dalsania
(63 Points)
Replied 23 December 2021
Thank you sir, can i claim deduction on shop loan interest u/s 24
CA Aakarsh Jain
(CA)
(10431 Points)
Replied 23 December 2021
If the loan is for shop then its interest is debited in your profit and loss account and it is not claimed u/s 24
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