Calculation of income from house property
Khushal Singh Rawat
(Querist) 10 December 2014
This query is : Resolved
Dear Expert
I am using Computax Software of Taxsoft Marketing private limited, Jaipur,
Sir, My client has taken a Housing Loan from Bank. He gave some part of this building on rent and other part use himself. So how can both calculate Rent and Intt. on Housing Loan in House property head.
V R SHROFF
(Expert) 10 December 2014
PL ASK IN CA CLUB
Guest
(Expert) 10 December 2014
Well Advised
Anirudh
(Expert) 10 December 2014
WHAT A PITY.
ON SOME TAX ISSUES HE PRETENDS AS THOUGH HE IS A TAX EXPERT AND GOES TO EXTENT OF CERTIFYING OTHERS ADVICE!
IN THIS CASE HE ASKS THE QUERIST TO APPROACH CA CLUB!
This fellow cannot even be a last person one can consult for any advice.
This fellow is good for nothing. Many a times he gives advices which are not supported by law.
TAKE THIS FELLOWS FALSITY IN HIS PROFILE. THIS FELLOW ATTACHES MORE IMPORTANCE TO THE PROFILE, WHILE HE IS FILLING UP TOTAL FALSE HOOD IN HIS PROFILE.
please visit the following link:
http://www.lawyersclubindia.com/lawyers_search/N-J-S-Rajkumar-alias-narasimha-254519.asp#.VIcRwmeHPFx
where he claims that he is practising from 2001, while as already indicated by me, he was enrolled only in the year 2012!!! CAN ANYBODY PRACTICE BEFORE ENROLMENT? IF ONE DOES SUCH A PRACTICE IS HE NOT FIT TO BE CALLED A "FRAUD"?
N.J.S.Rajkumar alias narasimha's Details
Listed Under
Business Law
Civil Law
Criminal Law
Practicing Since
2001
Specialization
SEBI and SEBI RELATED CASES
Court
Others
Address
54,PARASURAMA EASWARAN KOIL WEST MADA STREET,AYANAVARAM,CHENNAI 600023
Other Details
rajkumar_wins@rediffmail.com 9444036927
Therefore, before taking advice, the querist should be too careful
Rajendra K Goyal
(Expert) 10 December 2014
Consult your tax consultant and show him the relative documents.
malipeddi jaggarao
(Expert) 10 December 2014
Take the rent as income from House Property and the entire interest on Housing Loan for claiming deductions (if it is in the ceiling - otherwise maximum ceiling amount whichever is less). You can also deduct the taxes paid on the property and maintenance out of the income from house property. The Chartered Accountant who is dealing with the the tax returns of the client can compute the income and adjustment of interest on housing loan.
T. Kalaiselvan, Advocate
(Expert) 13 December 2014
Well advised by expert Mr. Malipeddi Jagga Rao, for further issues take the guidance of your auditor.
