80 & Sec.24 deduction of house property not let out

Jyothis (Article) (1127 Points)

08 July 2016  

Mr. A has income from house property,

Some of his property is letout for rent.

However,he acquired a new house under resedential housing loan & can he claim u/s 24 entire interest without any limit of 2lacs,as he has income from other house property.

i.e is individual assessee eligible for deduction u/s 24 without any limit on self occupied property.

However loan is taken jointly in the name of Mr.A & Mrs.A.

For 80C deduction, assessee has more than one resedential property but all covered under HP income computation either as SO or LO.