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Ritesh Chaudhari

Income from let out property...
Hello Sir,
First I want to say Thank you very much for helping us.

I am salaried person (taxable Income more than 10 Lacs).
I have two home in Pune, one is self occupied where second is rented.
There is no home loan available against rented property and home loan available against self occupied pro...
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Amlan Dutta
The house which is self occupied has no income (no loan interest repayment which could have been shown as negative income)...so effectively , you have income from the let out property only ....assessee having income from only 1 house property can use ITR 1 ......income from let out property is not ...
  • December 12, 2018
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Preetam

Income from let out property...
What amount is required to be filled in Letable value?

I bought the house on Dec 28, 2017 and the Tenants were already occupied for rent. I only continued the rent of rs 5000/Month with them with rent agreement starting from Dec.
My doubt is, What amount needs to be filled in for this Assessment year?...
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Amlan Dutta
This falls in category -House property which was partly let out and partly vacant during the year....in such cases where house property was partly let out and partly vacant during the year, there are two scenarios which affect the actual rent received owing to such vacancy .... ...
  • November 26, 2018
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