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Income from house property

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22 June 2013 Mr.A has two houses one is for his own residence, and other for rent but there is no rental income and interest paid by him is Rs. 13,00,000/- what is income from house property??? please suggest me ?
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CA Kapil Verma

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CA Kapil Verma (Expert)
22 June 2013 Maximum interest exemption is Rs 1.5 lac as per section 24 of income tax.


whether second house in rented or not , tax will levied. if no rent income then on annual value as per municipality

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