Tax benefit on sec 24 for two house properties

355 views 2 replies

Hi

New tax rule for FY 2017-2018 put a cap of 2 Laks for "loss from house properties". This limit was newly inserted for rented properties. Same limit was there for self-occupied properties in previous years.  

So if I have two properties, one self-occupied and another one rented, and for each I pay more than 2Lakhs as interest, can I claim upto 4Lakhs ?

I checked many posts here. But could not locate an answer.  Please help

Replies (2)

" if I have two properties, one self-occupied and another one rented, and for each I pay more than 2 Lakhs as interest, can I claim upto 4Lakhs?"

No. The total deduction under the head income from HP is capped at 2 lakhs of PY, and the remaining unadjusted loss is carried forward for to next 8 years. 

 

the reply above of sh Rambhia is as per law PL.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details