How to calculate the interest on housing loan for an LET
OUT PROPERTY?

Answers were Sorted based on User's Feedback



How to calculate the interest on housing loan for an LET OUT PROPERTY?..

Answer / rohit

first v have to see muncipal value or fair rentel value of
the house which ever is hire but not hire then stendered
rent and then 30% texis less after it loan on counstruction
paid buy assessee is addable in half

Is This Answer Correct ?    3 Yes 0 No

How to calculate the interest on housing loan for an LET OUT PROPERTY?..

Answer / m s nageswara rao

Annual lettable value or Actual rent received or receivable
Which ever is higher is the rent income XXXXXX
Less Municipal Taxes actual Paid xxx
-------
XXXX
Less 30 % of repairs irrestective
of irrespective of incurred or not xxx
Interest on Housing loan XX
---- XXXX
-----
Net income from H P XXX
----

Is This Answer Correct ?    2 Yes 0 No

How to calculate the interest on housing loan for an LET OUT PROPERTY?..

Answer / pathakchang

In the case of LET out Property, 30% of maintenance charge
is deducted from the actual rental received and the
interest paid, the summation of both is then considered
(after 30% deduction) for the taxation.

Is This Answer Correct ?    1 Yes 0 No

Post New Answer

More Taxation Interview Questions

which is the first liability for pay Service Tax to GOvt

0 Answers  


How many heads are there under total income? Name them.

0 Answers  


what is limit of form "16" or "31",c-form & form "11" or 3b during the issued on one time.

0 Answers  


How to calculate the TDS

0 Answers   Manufacturing, Wipro,


What are the treatment & implications in case interstate sales transaction if party is not registered (Individual or other then individual)

0 Answers  






can penalty be imposed under sec 96 of vat act west bengalfor goods destroyed or damaged

0 Answers   Aircon,


plzzzzzz help me friend my question is, is the tds of part of income tax and when it deduct from salary and why becose tds is deduct only secoundry primary income like lotory etc..

0 Answers  


WHAT IS THE PROVISION FOR NET PROFIT & LOSS IN PVT LTD CO & LTD CO GIVE ME THE EXAMPLE WITH ENTERY ON MY EMAIL sonidilip87@yahoo.com

0 Answers  


What is meant by CST? What is use of that? Does we use the one state CST certificate to all over India? or else Will we apply CST for each and every state?

2 Answers  


TDS Rate is applicable on Technical Testing & Analysis

5 Answers  


Timings / Months to file TDS return?

0 Answers  


i received commission with deduction of tds how to take entry in my books. commission Rs.90000 Tds.10000

4 Answers  


Categories