Home loan
This query is : Resolved
30 March 2009
Can a person avail home loan for a home at his native town (he will not live in his home town)?
Can a person avail 2 home loans at a time, one in his home town, one in his present place?
Can a person avail 2 home loans at a time, one in his home town, one in his present place?
30 March 2009
Yes a person can avail exemption for two loan provided he has taken loan and interest accrues on both of them.
if a person has house in two towns one shall be taxable as self occupied house and other's Annual value shall be taxable as deemed to let out property.
if a person has house in two towns one shall be taxable as self occupied house and other's Annual value shall be taxable as deemed to let out property.
30 March 2009
i agree with the expert
31 March 2009
Other option is to show the second property as available for renting and therefore vacant throughout the year to avoid taxation as deemed to be let out property.
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