House property interest
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 May 2013
Assessee is having two housing loans for one self occupied property. Can he claim interest on borrowed capital for these two loans u/s 24(b) for Rs.1,50,000/- and Rs.30,000..Pls help..
CA rohit swami
(Expert)
15 May 2013
U/S 24(B) LIMITS ARE OVERALL LIMIT. SO UP TO 150000/- YOU CAN GET DEDUCTION, FOR TWO OR MANY LOANS YOU HAVE.
LIMIT BIND YOU IN THIS SECTION NOT LOANS NO.
LIMIT BIND YOU IN THIS SECTION NOT LOANS NO.
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