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HOUSE PROPERTY

This query is : Resolved 
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(Querist)
26 September 2008 HELLO EVERYBODY,

I WANT TO KNOW THAT, IF I TAKE TWO OR MORE THAN LOAN FOR ONE HOUSE OF THE OTHER BANK THEN PLESE SOLVE MY PROPLEM MAY I TAKE DEDUCTION FOR EVERY LOAN IN HOUSE PROPERTY U/S 24 (ii)

THEN PLESE SOLVE MY PROBLEMO IN CASE OF SELF OCCUPIED HOUSE.
IN CASE OF VACANT HOUSE.
THEN HOW CAN TREAT IT.
HOW MUCH TAKE DEDUCTION OF THE BOTH CASES.
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DHARMENDER

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DHARMENDER (Querist)
26 September 2008 PLESE HELP ME THIS PROBLEM
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Vivek Banginwar

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Vivek Banginwar (Expert)
26 September 2008 If you have two or more than housing loan then also you can take deduction u/s. 24. Secondly if you have self occupied house and you are reside in any other area then also you can take deduction interest upto the limit Rs. 150000/- in a year.
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Vivek Banginwar

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Vivek Banginwar (Expert)
26 September 2008 If you have two or more than housing loan then also you can take deduction u/s. 24. Secondly if you have self occupied house and you are reside in any other area then also you can take deduction interest upto the limit Rs. 150000/- in a year.
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
30 September 2008 Interest paid on all housing loans is elegible for deduction u/s 24 and the same shall be restricted to 150000 if self occupied.
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