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income from house property

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 June 2010 My client have 2 house property from 1 is let out property.He has taken a housing loan in the last year i.e.2008-09 and I showed that u/s.80c.Now he again purchased last year new house property i.e.2009-10.
Now can I show deduction for the new housing loan repayment(instalment) this year including old housing loan repayment (instalment)
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
30 June 2010 In any case Sec.80 C limit is only Rs.1 lakhs. so even you can show 2 HP principal payment up to 1 lakh in 80C

As per as 24(b) Interest need to be claimed separately for the house SOP Rs.1.5lakhs Maximun and LOP you can take actuals
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