My brother has got two houses (both loan from banks). He is occupying one house and one is let out. Can he enjoy the loss on housing proerty for both the houses i.e. self-occupied(Loss around Rs.2.5 lakhs but IT EXEMPTION OF Rs.1.5 lakhs) and the let out property(3.5 lakhs) i.e. Rs.1.5 + 3.5 lakhs = Rs.5.00 lakhs.
Loss on housing property
Replies (3)
Yes thats correct. there is a cap of 150000 on interest relation to a sop only
I think on both the Houses full deduction can be claimed.
yes you are correct
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