Deduction in respect of interest on housing loan.
This query is : Resolved
19 July 2013
Sir,
Suppose a person has paid total Interest on housing loan of rs. 200000.
He has two properties: one is self occupied and other is vacant.
Can the person claim entire interest amount for deduction in following manner:
Rs. 150000 for self occupied property and Rs. 50000 for the vacant property?
Also, can a person claim deduction of Interest for two housing loans taken by him or deduction is available against only one housing loan?
Suppose a person has paid total Interest on housing loan of rs. 200000.
He has two properties: one is self occupied and other is vacant.
Can the person claim entire interest amount for deduction in following manner:
Rs. 150000 for self occupied property and Rs. 50000 for the vacant property?
Also, can a person claim deduction of Interest for two housing loans taken by him or deduction is available against only one housing loan?
19 July 2013
no.
as the limit is rs 1,50,000 only.
as the limit is rs 1,50,000 only.
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19 July 2013
Sir,
Can a person claim deduction against Two loans taken by him if he has two properties: one self occupied and other vacant property?
Can a person claim deduction against Two loans taken by him if he has two properties: one self occupied and other vacant property?
19 July 2013
Sir,
Can a person claim deduction against Two loans taken by him if he has two properties: one self occupied and other vacant property?
Can a person claim deduction against Two loans taken by him if he has two properties: one self occupied and other vacant property?
19 July 2013
Sir,
Can a person claim deduction for Two loans taken by him when he has two properties out of which one is self occupied and other a vacant property?
Can a person claim deduction for Two loans taken by him when he has two properties out of which one is self occupied and other a vacant property?
19 July 2013
according to me.. limit in case of SOP is 150000 n for other property there is no limit.. there fore it can be done...
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19 July 2013
it can be claimed by 2 housing loans also.. no issues...
19 July 2013
Thank you Tushar Sampat sir and Rajat Poddar sir for solving my query.
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