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Income from house property

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(Querist)
09 October 2011 My friend has availed housing loan for Rs.1.5 crore for self occupied property. He is paying interet around Rs.17 lacs p.a. He has rental income from commercial property for Rs.9 lacs p.a. Can he claim loss under the head income from house property
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
09 October 2011 Interest for the self occupied property is maximum of Rs.1.50 lakh per annum. other balance interest cannot be clubbed with other property incomes
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