acquire 2 Houses on SOP on Joint Home Loan along with your spouse
Can I claim 50:50 ratio for tax benefits
what about LET OUT property if I have 2 houses
as per rule if you hv 2houses then 1 is assume as Let out
Plz suggest on the same
If there are more than one residential houses, which are in the occupation of the owner for his residential purpose, then he may exercise an option to treat any one of the houses to be selfoccupied. The other house(s) will be deemed to be let out.In this case, owner should exercise option in such a manner that his taxable income is the minimum.
If you are owner of the house then 100% interest is allowed. If you are 50% Co-owner then 50% interest is allowed and if you are not the owner or co-owner then no interest is allowed.
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