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House Property Interest on Loan deeuction
A person having 4 flats already purchases a 5th house property by taking loan. Can he claim the interest deduction treating the new property as his SOP. Does he have a choice to change it to SOP.
Replies (2)
Yes, he can change it.
In another words, he has option to declare any two properties as SOP, unless already rented.
I must request the querist if all the 4 houses are taken on loan basis. Then the 5th house must be taken on loan not necessarily.
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