both self-occupied and let-out – how to apply the deductions?



I have an independent house and I am residing in one portion and let-out another portion. How can I claim deductions in this case?
Should I claim 1,50,000 interest OR should I declare loss against house property?
Please note that I am paying more than 1,50,000 as interest pa.

both self-occupied and let-out – how to apply the deductions?
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2 Replies to “both self-occupied and let-out – how to apply the deductions?”


  1. Compute ‘Income from House Property’:

    Rental Income
    Less Standard Deduction @ 30%
    Less Municipal Taxes
    Less Interest deduction u/s 24(b) [Max Rs 1.5 lakhs]
    —————————————————————————-
    = ‘Income from House Property’

    HMT





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