One of our client has made full down payment on 1st house .Is he suppose to claim Rs. 2,00,000 for the interest paid on 2nd house or entire interest amount?
Susmita Dutta, CA , CPA (CA ) (2141 Points)
22 January 2020One of our client has made full down payment on 1st house .Is he suppose to claim Rs. 2,00,000 for the interest paid on 2nd house or entire interest amount?
sabyasachi mukherjee
(27169 Points)
Replied 22 January 2020
CA. Rohan Somani
(Chartered Accountant)
(94 Points)
Replied 22 January 2020
Which ever house is treated as SOP is eligible to get full Interest deduction
Kapadia Pravin
(17259 Points)
Replied 23 January 2020
siddhesh
(si)
(198 Points)
Replied 23 January 2020
Interest Deduction is for self occupied property it is aggregate of RS 200000 but for property which is Let-out for that no bar is specified.
sabyasachi mukherjee
(27169 Points)
Replied 23 January 2020
CAclubindia
