Query
This query is : Resolved
27 March 2009
Whether interest paid / payable on Housing Loan taken for 2 different properties within same Assessment Year, each eligible u/s 24(i) of the Income Tax Act, 1961?
27 March 2009
As the income from each property is assessed separately and deduction of interest is also made separately. So you deduct interest, each eligible u/s 24(i) of the Income Tax Act, 1961?
27 March 2009
Yes.
interest is deductible for two different properties
interest is deductible for two different properties
28 March 2009
yes from respective properties for which loan is taken
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