House property income

26 December 2020

I have 2 property, 1st self occupied
2nd one is let out.

can I take benefit of both housing loan principal and interest in ITR?

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4 Replies

sudip sharma (article) (734 Points)
Replied 26 December 2020

Yes but maximum deduction available for sec 24(b) for self occupied house is 200k

Krishna Chaudhary (Accountant) (4531 Points)
Replied 26 December 2020

Yep
for self occupied max 200000
for rented unlimited

prashant desai (190 Points)
Replied 26 December 2020

Can take benefits of both housing loan principal at the filing of ITR

sudip sharma (article) (734 Points)
Replied 26 December 2020

Loan principal u/s 80C and interest us 24b when income is taxable under hp whether self occupied or let out

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