20 February 2010
if an assessee own more than two house properties how much deduction can he claim u/s24(b)? - a)Rs.150000/- irrespective of no. of house properties or b) Rs. 150000/- for each property
22 February 2010
You have to follow section 23(2) here,
According to that section if assessee owns more than two houses and if none of them let-out then computation will be:
1) Anyone seclected house as used for Self occupied , therefore amount will be Rs.30,000/Rs.1,50,000 or actual interest paid, whichever is less will be avilable for deduction purpose.
2) Rest of houses will be deemed to be let-out and for that houses actual interest paid will be avilable for deduction of u/s 24(b).
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