Sir,
Suppose a person has paid total Interest on housing loan of rs. 200000.
He has two properties: one is self occupied and other is vacant.
Can the person claim entire interest amount for deduction in following manner:
Rs. 150000 for self occupied property and Rs. 50000 for the vacant property?
Also, can a person claim deduction of Interest for two housing loans taken by him or deduction is available against only one housing loan?
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Please let me know this and thanks in advance.
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Dear sirs,madam
i have a query related to section 80tta that i received rs 15000 interest on saving a/c on which tds is deducted.i want to know whether i can avail both the deduction u/s 80tta and tds ????
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Deduction in respect of interest on housing loan.