Income from HP
This query is : Resolved
01 September 2010
HI
I have two House Property first one is Self Property and second is Let out
1)for 1st house i am paying Interst to bank 1,60,000/- for that i can claim 1,50,000 under Income from HP in IT
2) for second House i am paying Interest to Bank 2,00,000/-
So my query is that can i cliam both Amt under Income from HP my Rent is 3500/- Pm
Plz suggets
Thanks
I have two House Property first one is Self Property and second is Let out
1)for 1st house i am paying Interst to bank 1,60,000/- for that i can claim 1,50,000 under Income from HP in IT
2) for second House i am paying Interest to Bank 2,00,000/-
So my query is that can i cliam both Amt under Income from HP my Rent is 3500/- Pm
Plz suggets
Thanks
01 September 2010
You can claim Rs. 150000 maximum for your Self occupied house and Rs.200000/- can be claimed for Letout property as Interest on House property
01 September 2010
agree with expert, for the let out property actual interest payable is allowed.
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