interest on borrowed capital
liya fizal (14 Points)
25 March 2019
I have two housing loan can I claim deduction for two housing loan interest
2 Replies
Sahil Jain (FAFD, DISA, CA)
(Practicing Chartered Accountant )
(2476 Points)
Replied 25 March 2019
one housing loan interest you can claim showing it as Self Occupied Property.
However for other property, you will have to show it as deemed let out property and offer notional rent as income. against notional rent you can claim interest of housing loan of other property.
However for other property, you will have to show it as deemed let out property and offer notional rent as income. against notional rent you can claim interest of housing loan of other property.
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 25 March 2019
for let out and DLO property interest component is now restricted to 2lacs only.earlier it was actual interest paid
claim deduction of self occupied property which has higher interest
claim deduction of self occupied property which has higher interest
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