income from house property
This query is : Resolved
Querist : Anonymous
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)
Now can I show deduction for the new housing loan repayment(instalment) this year including old housing loan repayment (instalment)
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
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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