Hi
If as person has two houses of which ONE is LET OUT and the OTHER is SLEF OCCUPIED.In this case he has taken a loan on the both the properties togehter. Then in this case can he claim DEDUCTION u/s 24 for interest for both the properties.
Please give your replies
Thank You
ABHISHEK ADITYA
(CA Final 1st group cleared)
(213 Points)
Replied 06 November 2008
| Originally posted by :Srivathson | ||
| " | Hi If as person has two houses of which ONE is LET OUT and the OTHER is SLEF OCCUPIED.In this case he has taken a loan on the both the properties togehter. Then in this case can he claim DEDUCTION u/s 24 for interest for both the properties. Please give your replies Thank You |
" |
Devendra
(Qualified Audit Assistant)
(521 Points)
Replied 06 November 2008
yes..Section 24 deduction can be claimed on Let Out Property as well as Self Occupied Property.
Pehchan
(18 Points)
Replied 08 November 2008
| " |
Hi My company is denying Home loan Interest benefits to me. They have concern that i am not the owner as the registery is name of my wife. When loan is in my name, payments are being made by me. Why can't i get interest benefit. Shouldn't i be treated as deemed owner for income tax purpose......... Thank You |
" |
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