19 July 2013
Sir, Suppose a person has paid total Interest on housing loan of rs. 200000. He has two properties: one is self occupied and other is vacant. Can the person claim entire interest amount for deduction in following manner: Rs. 150000 for self occupied property and Rs. 50000 for the vacant property? Also, can a person claim deduction of Interest for two housing loans taken by him or deduction is available against only one housing loan?
19 July 2013
Sir, Can a person claim deduction for Two loans taken by him when he has two properties out of which one is self occupied and other a vacant property?
CAclubindia
