I want to claim interest on home loan against two home loan.
This query is : Resolved
Mr. S Gupta
(Querist)
24 July 2018
Dear Sir,
I want to claim Interest on Home Loan in ITR against Two Home loans and both are on rent. Also I am showing the rent Income in ITR.
Now I want to know that Can I claim Interest Paid on Home Loan against Two home loans (Max.- Rs 200000/-) ?.
I want to claim Interest on Home Loan in ITR against Two Home loans and both are on rent. Also I am showing the rent Income in ITR.
Now I want to know that Can I claim Interest Paid on Home Loan against Two home loans (Max.- Rs 200000/-) ?.
24 July 2018
Can claim interest of both home loans. But if the end result of computation under the head 'income from house property' is loss and if it is more than Rs.2,00,000, set off against inter head will be allowed only for Rs. 2,00,000 and the balance will be
carried forward to next year.
carried forward to next year.
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