income tax rebate in housing loan

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Querist : Anonymous

Querist : Anonymous (Querist)

07 June 2010 Dear all,

If an individual has four house property among them one is self occupied, two is rented & one is vacant in the year 2008-2009, There are four loan account against each house property what will be the income treatment of the same.

what will be the income tax treatment of the vacant House Property in the year.

Thanks.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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08 June 2010 Income from House property need to calculate each house separatly and related Housing loan interest can be claimed separatly subject to the limits

LOP- Actual interest
SOP- Actual or Rs.1.5 lakhs which is lower

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CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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Message likes : 1 times

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