Income Tax rebate on Housing Property

Question

I reside in Government Accomadation , no HRA , pay licence and maintenance fee. Taken home for self stay purpose and pay housing loan interest , joint property, wife housewife, EMI is paid by me. House is given to one family just for caretaking , very nominal rent just to give society charges, cleaning etc. My points

i) Can I claim self occupied property even getting very nominal amount to pay charges

ii) Let out property in that case total loss on my account or joint , my wife not working

Kindly advice

 

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rktiwari122 5 months 1 Answer 61 views 0

Answer ( 1 )

  1. Ans. (i) You can treat one house as Self occupied

    (II) When husband finance entire consideration for housing property clubbing provision apply and taxable in the hand of husband.

     

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