House property income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 July 2015
Dear Sir,
If an individual has 2 houses, out of which one is self occupied and another one is let out. Individual took loan from bank for the construction of self occupied one. Can he adjust interest on loan from NAV of let out property. And also suggest us how to minimise the tax. Thank you in advance.
Regards
Pavan Kumar V.
If an individual has 2 houses, out of which one is self occupied and another one is let out. Individual took loan from bank for the construction of self occupied one. Can he adjust interest on loan from NAV of let out property. And also suggest us how to minimise the tax. Thank you in advance.
Regards
Pavan Kumar V.
24 July 2015
he can adjust only against Self occupied max interest Rs.2,00,000/-
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