POSTED BY April 12, 2013 1:02 pm ONE COMMENTON
I have a query regarding two HLs and separate HRA.
I have a flat in hyderabad and is rented out. I pay an EMI of 28000 on it and earn a rent of 12000 on it.
I presently stay in Bangalore.
I recently bought a flat in Bangalore and I do not stay in that flat as it is far away from my workplace. So, I rented it out. I pay an EMI of 33000 and earn a rent of 13000 on it.
I stay at a place closer to my work in a rented accommodation. I pay a rent of 12000 for it.
Now can I list both my flats(one in hyd and one in bnglr) under the “Income from House Property” section and calculate the (income- tax paid- emi paid) income/loss from these properties and also list my rent paid for the rented premises under HRA.
Thanks in advance,