Santhosh Poojary (SIEMPRE AHÍ PARA TI) (15607 Points)
11 February 2010Dear all,
If HP is Partly used for LOP and partly used as SOP during prevoius year.. then what would be the treatment for that House Property.?
in such case is it considered as LOP for Whole Year....? pls suggest
Abhishek Sharma
(B.Com PCC Student & Article)
(115 Points)
Replied 11 February 2010
yes dude..it will be used LOP for the whole year....
Santhosh Poojary
(SIEMPRE AHÍ PARA TI)
(15607 Points)
Replied 11 February 2010
THANKS DEAR.............
Max Payne
(employed)
(2574 Points)
Replied 11 February 2010
Yes, it will be treated as LOP,
since the act only requires that the property is let out at any time of the year, even a day.
Accordingly GAV wil change, not just deduction for Municpal taxes and interest allowed ......
Amit Tyagi
(CA Student Guy)
(48 Points)
Replied 11 February 2010
yes it consider as Let out property.
CAclubindia
