Deduction from house property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 March 2014
I am a salaried person & before 2 years purchase a house property in Mumbai with bank loan & claim u/s.80c. This year purchase another house property in Nashik with bank loan. Kindly suggest me how can I get benefit from another property or how to present in my IT computation?
Nikhil Kaushik
(Expert)
17 March 2014
you can claim deduction under 80C and 24(b) on the second house too.. but remember overall limit under 80c continues to be Rs 1 lakh.
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