second home loan and sec 24 b

Hi

I tool the possession of my second home on 16th March 2010. This home is on loan.

Now, I am taking the benefit for interest paid to bank for all previous years (20% for next five years). Since I got the possession on 16th March 2010, I have following query.

  • Do I have to show the notional rental income for the period from 16th March to 31st March 2010 or I will have to show notional rental income for entire year i.e. from 1 April 2009 to 31 March 2010.

Please suggest.

Thanks

asked Jul 26 '11 at 13:33 by Amit91 196456


You will have to show notional rent for period after possession only.

answered Jul 26 '11 at 21:19 by pankaj 5.2k320

link

Know someone who can answer? Share a link to this question via email, twitter , or facebook
.

Your answer
toggle preview

Follow this question

Once you sign in you will be able to subscribe for any updates here

Markdown Basics

  • *italic* or __italic__
  • **bold** or __bold__
  • link:[text](http://url.com/ "title")
  • image?![alt text](/path/img.jpg "title")
  • numbered list: 1. Foo 2. Bar
  • to add a line break simply add two spaces to where you would like the new line to be.
  • basic HTML tags are also supported

Tags:

×54
×24
×14
×2
×1

Asked: Jul 26 '11 at 13:33

Seen: 1,531 times

Last updated: Jul 26 '11 at 21:19