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
