Rent income received

Discussion in 'Tax planning' started by bhargav, Feb 27, 2014.

  1. bhargav

    bhargav Member

    I LET OUT FLAT FOR SIX MONTH AND OTHER SIX MONTH IT VACANT.I RECD RENT RS 1800000/-IN TWO NAME. IN A RS.1260000/- AND IN B RS.540000/-.I PAID PROPERTY TAX RS.180000 FOR YEAR.NOW I HAVE COMMODITY LOSS WHICH IS MY BUSINESS LOSS WHICH IS RS.1100000/-.SO WHAT IS MY NET RENT INCOME AND CAN I SET OFF LOSS OF COMMODITY BUSINESS AGAINST IT? OR HOW WE CAN MAKE LOSS FROM HOUSE PROPERTY?

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