02 May 2013
Hello sir, In my organization, one employee is having self occupied flat. he is submitting us home loan certificate and wile calculating his salary income i am considering his interest for income tax benefit. Now he purchase 2nd flat. 1. can i take this 2nd flat registration amt under 80c ? 2. from next month he will get procession of flat so he is going to give on rent. can i take his 2nd home loan interest for income tax benefit or i can take only 1 flat certificate. 3. If i should take both then how much interest is exempt. 4. i have to calculate his house property income or he should do it from C.A. Plz reply........ Regards, Ajita Nair
CAclubindia
