13 July 2012
I have 2 residential house in Delhi. Both self use. I'm paying housing loan on both of them. For one house, I'm treating as self occupied & other house I'm showing income equal to rental value. Interest on self occupied house is allowed max Rs.1.5lac & Intt on Let out house is unlimited? Should I show fair rental value of other house & claim full intt deduction? Although it is used by my parents?
CAclubindia
