House property


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
24 February 2014
An individual has taken a house loan in which he is living & repaying the same ,he again took a house loan (f.y 13-14) which is under construction .

So,the Individual will the get the full deduction of interest for the 2nd house loan or within a limit of 150000 (1st + 2nd house loan)

24 February 2014 The Interest on Housing Loan will be allowable within the limit of Rs. 150000, by compiling all the loans from all the HP's

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
24 February 2014 But this article say something different

https://articles.economictimes.indiatimes.com/2012-04-23/personal-finance/31386956_1_deductions-home-loans-second-house

Please guide.

24 February 2014 There r many articles which u will find in Newspaper, but if u started believing them, then it is difficult to cope up with Income Tax Department.....


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
CA Article Trainee

SR BAGAI & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
04 September 2026
CA inter Or ca finalist

A Jaiswal and company

Lucknow

CA Final

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
Featured 12 September 2026
Assistant Manager - Finance & Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details