HOUSE PROPERTY INCOME
This query is : Resolved
13 April 2010
IT IS POSSIBLE TO CALIME TWO DIFFERENT HOUSING LOAN INTEREST AND PRINCIPAL IN INCOME TAX UNDER SECTION 24( B ) AND 80 RESPECTIVELY FORM DIFFERESTN FINACIAL INSTITUTION AND DIFFERENT PROPERTY.
KINDLY GUIDE AS EARLY AS POSSIBLE.
REGARDS
AKBAR
IT IS POSSIBLE TO CALIME TWO DIFFERENT HOUSING LOAN INTEREST AND PRINCIPAL IN INCOME TAX UNDER SECTION 24( B ) AND 80 RESPECTIVELY FORM DIFFERESTN FINACIAL INSTITUTION AND DIFFERENT PROPERTY.
KINDLY GUIDE AS EARLY AS POSSIBLE.
REGARDS
AKBAR
13 April 2010
Pl check the following link--
http://www.apnaloan.com/home-loan-india/deductiononmorethanoneproperty.html
http://www.apnaloan.com/home-loan-india/deductiononmorethanoneproperty.html
14 April 2010
Yes. You can claim interest on self occupied property subject to the ceiling as well as for the second property which is deemed to be let out.It makes nodifference whether the loan is from different banks/ institutions.
siva208@yahoo.com
siva208@yahoo.com
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