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Deduction U/s.24

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 March 2011 Dear Sir,

I have purchased a flat in F.Y.2007-08 & for that I have taken loan from bank. As it was ready possesion I am claiming the principle & interest component. Now I have booked another flat in F.Y.2010-11 possession of which, will get in May-11 i.e. in F.Y.2011-12 & for that also i have taken loan from Bank. Pl. tell me if I can claim Principle & interest components of both the loan.
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CMA. Subhash Kumar Jha

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CMA. Subhash Kumar Jha (Expert)
02 March 2011 You can... but you have show one house as a let out property.
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