Income from house property
This query is : Resolved
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
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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