tryinghard (Self) (48 Points)
04 March 2014Hello, I am planning to buy a house for which the annual interest payment will be close to 7 laks. This is the only house i will have. For a self occupied house I get a deduction of only 150,000, but for a deemed to be let out I get deduction of 7 laks. Even if the imputed rent is 300,000, I still get a deduction of 4 laks, an additional deduction of 2.5 laks.
Can i do that, if so how?
Studentsca
(CA Practice )
(3577 Points)
Replied 04 March 2014
Who is the the owner of the Flat in which you are presently staying ?
If you are owing only 1 residental house property you can't get the benefit of DLOP.
tryinghard
(Self)
(48 Points)
Replied 04 March 2014
CAclubindia
