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How to calculate the interest on housing loan for an LET
OUT PROPERTY?
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Answer Posted / m s nageswara rao
Annual lettable value or Actual rent received or receivable
Which ever is higher is the rent income XXXXXX
Less Municipal Taxes actual Paid xxx
-------
XXXX
Less 30 % of repairs irrestective
of irrespective of incurred or not xxx
Interest on Housing loan XX
---- XXXX
-----
Net income from H P XXX
----
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