03 April 2018
Hello All, I have a query related claiming Home Loan interest in ITR.
I m claiming my HL Interest since last 2 years in my ITR the house which i m using for SOP. In sept-17 i bought a new house which is also having home loan and also using for SOP. so can i take both home loan interest part in my ITR as interest deduction ?????
03 April 2018
As per Income tax Act, it is your choice to consider a house as SOP. The another house property shall be deeded to be a let out property. You shall be able to claim actual amount of interest for the another house. Please note that w.e.f. AY 2018-19 the set off provision with respect to Income from House Property has been amended
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