Income from hp

Abhishek (Partner) (184 Points)

02 May 2014  

ASSESSEE HAS 3 PROPERTIES- A, B, AND C.  

ALL 3 PROPERTIES ARE GIVEN ON RENT. 

PROPERTY B AND C ARE COMMERCIAL

PROPERY A IS RESIDENTIAL

AND

ASSEESSEE HIMSELF LIVING ON RENT.

TOTAL RENT INCOME FROM ALL PROPERTIES AFTER 30% STD DEDUCTION - 12,00,000/-

INTEREST PAID ON  PROPERTY-A DURING THE YEAR - 20,00,000/-

 

CAN HE CALIM 20,00,000 IN FULL AS INTEREST OR 1,50,000 ONLY??

 

THANKS IN ADVANCE