prosanta bordoloi (AAO) (83 Points)
20 February 2013One of our employee has two houses and two separate house building construction loan , loan interest of the first house comes to Rs 1.4 lacs and the second house comes to Rs 1.3 lacs , can he get interst subsidy (beyond 1.5 lacs) against the two houses ?
Pl reply
CA Gaurav Kaushik
(Practicing Chartered Accountant)
(123 Points)
Replied 20 February 2013
He Can get the deduction of interest beyond 1.5 lacs if one of the property is let out
CAclubindia
