Deduction in respect of interest on housing loan.
This query is : Resolved
19 July 2013
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?
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?
19 July 2013
no.
as the limit is rs 1,50,000 only.
as the limit is rs 1,50,000 only.
Message likes :
1 times
19 July 2013
Sir,
Can a person claim deduction against Two loans taken by him if he has two properties: one self occupied and other vacant property?
Can a person claim deduction against Two loans taken by him if he has two properties: one self occupied and other vacant property?
19 July 2013
Sir,
Can a person claim deduction against Two loans taken by him if he has two properties: one self occupied and other vacant property?
Can a person claim deduction against Two loans taken by him if he has two properties: one self occupied and other vacant property?
19 July 2013
Sir,
Can a person claim deduction for Two loans taken by him when he has two properties out of which one is self occupied and other a vacant property?
Can a person claim deduction for Two loans taken by him when he has two properties out of which one is self occupied and other a vacant property?
19 July 2013
according to me.. limit in case of SOP is 150000 n for other property there is no limit.. there fore it can be done...
Message likes :
1 times
19 July 2013
it can be claimed by 2 housing loans also.. no issues...
19 July 2013
Thank you Tushar Sampat sir and Rajat Poddar sir for solving my query.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
