Interest on house loan -

CA. BIJENDER KR. BANSAL (ACA, B.COM) (8143 Points)

03 March 2008  

Dear all,

If an employee has 2 houses . & he has taken loan for each house.

then interest on borrowed capital is allowed for both house or not.

whether deduction for repayment of house loan & interest part is allowed for both houses or single one.

Please tell asap.

Thanks & Regards

CA. B.K.BANSAL