I have a flat in hyderabad and i stay in another city, my tenants recently vacated the flat, this is my only flat and i do not own any other properties. as of now the flat is vacant, if the flat stays vacant for a long time, at the time of filing ITR how can i submit loss of rental income. please advise.
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177874 Points)
Replied 15 September 2024
Rent is income. In case of its vacancy, you are not allowed for any loss. On the contrary ITD expect tax over deemed rental income, unless you declare it as self occupied.
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