If an Individual has two loans against one house property, what will be the treatment of such interest and principal repaid for income tax purposes?

Will deduction of interest and principal repaid be allowed for both the loans?

Please reply.

hello Sirs, I am accountant of privat company. at what rate and saction TDS should be deducted from payment to event manager. Total bill amount is 6 lakhs. Eventmanager has to do decoration as well as dance and other performance at our property. Please advice. Thanks. Bharat

dear sir,
My question is this "Can i submit IT-return by shown 75% payable of total tax liability"?

Dear Sirs,
I have booked an under construction commercial property with assured returns of 12.5 % per annum in 2012-13 FY. How should I treat this assured return(minus TDS) ? Rent from commercial property or Fixed Deposit interest or interest from company deposit or What? PLEASE GUIDE ME.
Thanks in advance

Dear Sir,
I had subscribed to a noted online tax filing portal for filing my belated return for AY 2012-13AY in Sep,2013.I used to fill in the income and capital details slowly every day as I have professional income ,rent and capital gains income(in Fy 2011-12) and I was efiling for the first time.My return preparation was incomplete on 17 sep,2013 when I received an email message from my efiling portal that my returns for AY2012-13 has been filed.I was shocked and immediately sought explanation from the portal as to how without my clicking the efile icon my incomplete returns have been filed ,but I received no reply till date.
MY QUESTION IS
What to do now? Can I REVISE my returns?Should I OR shouldn't I send the signed ITRV to CPC? please GUIDE me as to how I can file a complete and correct return now?
Its URGENT.
THanks in advance

sir,
my friend sumbit itr of 2012-13 online and post ivr without sign and itr defetive and rejected pls note that time of 120 days laps pls guaid what shoud he do revise return then what u/s............. I Post new ivr duily signd along with 2013-14 ivr . 2013-14 ivr received and acpetd but no any reply about 2012-13 where both in one post what sould i do

Anyone can tell me that if expenses incurred by medical representative in pharma company on account of teaveling, outside dearness allowance, internet charges & other expenses which is reimburse by company whether it is part of salary or such exp. Book on respective heads. Thanx

1)CAN FATHERS GIVE ONE TIME GIFT OF RS 300000/ (THREE LAKH ) TO SONS huf?
IF YES THEN WHETHER CLUBBIBG OF INCOME SEC 64(2) IS ENTITLED?
2) CAN huF TAKE LOAN FROM KARTA OR ITS MEMBERS? IF YES? THEN FOR HOW MUCH INT. FREE PERIOD?

1)how much is limit for getting gift from father for sons HUF.
2) can father give gift at the time of corpus and then next after 10 year by cheque
3) karta of HUF wants to give land as gift to HUf ...does it legal? or will attract I. T. 64 and swealth tax sec 4(1)

My IT Return for AY 2011-12 was efiled by one of my friend. Now I have to efile for AY 2012-13 and 2013-14. But the above friend is not traceable now and I do not know the required password for efiling. I had requested the Validation deptt. and CPC deptt.many times giving details of my PAN, DOB. Address etc. etc. But they are not issuing me new password and say that new password can only be issued to regd. email id, which I do not know. As such, what should I do now to get a new password ?