House property
This query is : Resolved
Yajuvendra Rawat
(Querist)
14 May 2014
Dear Sirs,
I am a salaried employee and i have two house properties, i have bought these flats on loan basis, One of the house property is Self Occupied and the other is let out, my question is whether i can claim interest on loan paid on both these houses. i.e. U/S 24B Rs. 94000/- interest for SOP and Rs. 33,000 interest on LOP. One from Salary income in Form 16 and the other in House Property. Please clear my doubt.
Best Regards,
Yajuvendra Rawat
I am a salaried employee and i have two house properties, i have bought these flats on loan basis, One of the house property is Self Occupied and the other is let out, my question is whether i can claim interest on loan paid on both these houses. i.e. U/S 24B Rs. 94000/- interest for SOP and Rs. 33,000 interest on LOP. One from Salary income in Form 16 and the other in House Property. Please clear my doubt.
Best Regards,
Yajuvendra Rawat
Nikhil Kaushik
(Expert)
14 May 2014
yes...you can claim both..the deduction under section 24 is available on each house separately.
please note you cannot file ITR1...you need to file ITR2
please note you cannot file ITR1...you need to file ITR2
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Late Filing Fee Waiver for Q1 Form 144 (Earlier 27Q) – Transition to Income-tax Act, 2025
- GST input credit on commercial property
- GSTR-9C filing
- GST ITC as per notification 12/2023- central tax
- Urd purchase entry in tally prime
- Advances to related party
- Royalty payments to the Mining Department for procurement of murum - GST input
- Gift to nri relatives residing in usa
- IMS (import of goods) ITC related
- Capital gains in IT returns
- Form 144 TDS Return Validation error
- GSTR9 Annual Return
- LLP audit and disclosure
- Subject: Legal Remedy for Removal of Income Tax Demand for AY 2024–25 – Charitable Trust
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
