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Benifit of two housing loan interest


16 June 2014 My clients has a salary income upto 12 lacs
he Hold two residential property one use for
his resident and second is let out.150000 interest paid on res.property and 125000 interest paid on letoutr property.so How can manage to save incometax to take benifit of both interest cliam. Please give reply with details.how can house property loss adjust against salary for second house property it is either possible or not.please describe with example.

17 June 2014 You can claim interest on both Properties.
Eligible deduction .
for Resident property 150000
For Let out property No limit

You should offer Rental income for let out property



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