25 January 2014
Thank you sir---1.query sir cliant show the 3 house int.total up to 1.5 lakh & principal as per 80C but 1 house there resident & other 2 house on the basis of rent,than compulsory show the income of rent for rebate of Interest & principal.
25 January 2014
ok sir but suppose in case 1 house issued to relative for resident free off rent, can show this house interest & principal in my income tax deduction without received rent shown.
27 January 2014
you can claim deduction of principal amt u/s 80C at stretch but deduction of interest for the per-construction period has to be claimed in 5 equal installments starting from the year in which construction gets completed.
CAclubindia
