I want to claim interest on home loan against two home loan.

This query is : Resolved

Mr. S Gupta (Querist)
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24 July 2018 Dear Sir,

I want to claim Interest on Home Loan in ITR against Two Home loans and both are on rent. Also I am showing the rent Income in ITR.

Now I want to know that Can I claim Interest Paid on Home Loan against Two home loans (Max.- Rs 200000/-) ?.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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24 July 2018 Can claim interest of both home loans. But if the end result of computation under the head 'income from house property' is loss and if it is more than Rs.2,00,000, set off against inter head will be allowed only for Rs. 2,00,000 and the balance will be
carried forward to next year.