part of the property is self occupied and part of property is rented and the rent income is shown as income?



1/3 of the property is rented and am receiving a rent of 96 thousand per annum, 2/3 property bis under self occupation and the interest paid isx 2,12,000 per annum

part of the property is self occupied and part of property is rented and the rent income is shown as income?
Rate these answers

One Reply to “part of the property is self occupied and part of property is rented and the rent income is shown as income?”

  1. There is no question. So question is assumed.

    Income from HP = Rental Income – 30% Standard deduction – Proprty Tax – Loan Inerest

    Here your loss is near about Rs 1.5 lakhs.

    So whether you show house as self occupied or rented makes no difference in tax benefit u/s 24(b).

    HMT





Leave a Reply

Your email address will not be published. Required fields are marked *