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House property income

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Querist : Anonymous

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Querist : Anonymous (Querist)
29 January 2015 I have Three Flats - A, B and C. Flats B and C are loan free and are given on Rent with a consolidated earning rental income of Rs. 3.0 Lakhs. Flat A is purchased against Home Loan and the annual Interest component is Rs. 4.5 Lakhs. Can the Home Loan Interest of Flat A be set off against the Rental Incomes of flats B and C?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
29 January 2015 the ans is no as only u can set off against home A and that too after deciding which is sop and others as lop

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