Interest on self occupied property
This query is : Resolved
shobhalaxmi
(Querist)
22 January 2013
claimed interest on self occupied house property 5 years back and loan paid back. Now purchased a new house can I claim now interest on housing loan. No rental income.
CA PARAS BAFNA
(Expert)
22 January 2013
.
Interest can be claimed even principal repayment of loan also can be claimed even if no rental income.
.
As of now, you are having two houses. One has to be shown as deemed let out or let out.
Interest can be claimed even principal repayment of loan also can be claimed even if no rental income.
.
As of now, you are having two houses. One has to be shown as deemed let out or let out.
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