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HOUSE PROPERTY INCOME

This query is : Resolved 
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(Querist)
13 April 2010
IT IS POSSIBLE TO CALIME TWO DIFFERENT HOUSING LOAN INTEREST AND PRINCIPAL IN INCOME TAX UNDER SECTION 24( B ) AND 80 RESPECTIVELY FORM DIFFERESTN FINACIAL INSTITUTION AND DIFFERENT PROPERTY.

KINDLY GUIDE AS EARLY AS POSSIBLE.

REGARDS
AKBAR
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K V Subba Rao

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K V Subba Rao (Expert)
13 April 2010 Pl check the following link--

https://www.apnaloan.com/home-loan-india/deductiononmorethanoneproperty.html
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sivadas chettoor

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sivadas chettoor (Expert)
14 April 2010 Yes. You can claim interest on self occupied property subject to the ceiling as well as for the second property which is deemed to be let out.It makes nodifference whether the loan is from different banks/ institutions.

siva208@yahoo.com
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