Mr. x is working in spice digital and receive a salary of Rs. 7 lac.
mr. x owns two house. one in punjab & other in chd. and mr x lives in rented premises and also receive h.r.a.
both houses was constructed by taking a housing loan.
tell me the treatment of interest paid on loan taken for these two houses. whether interest of both houses are deductible.. or only that interest is deductible related with self occupied as selcted by mr. x and 2nd house shall be treated as deemed to be let out.
whether any provision under income tax can give benefit for deduction of interest paid for both houses.
pls solve
CAclubindia
