HOUSE PROPERTY
This query is : Resolved
DHARMENDER
(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.
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.
DHARMENDER
(Querist)
26 September 2008
PLESE HELP ME THIS PROBLEM
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.
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.
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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