Intt on housing loan
This query is : Resolved
23 April 2009
if an individual has two housing property and both are self occupied. can taken housing loan for both properties.
can he claim the Intt and Princial for both housing property?
can he claim the Intt and Princial for both housing property?
23 April 2009
If a person has 2 House property as self occupied one of them (at his choice)shall be taxable as Deemed to let out property u/s 23(4)
Interest of self occupied HP shall be allowed up to Rs. 150000(or 30000)and
In respect of other deemed to be let out HP interest shall be allowed without any limit,
-- provided
. the person is owner of the HP and
. the person pays the interest or interest accrues to him.
Interest of self occupied HP shall be allowed up to Rs. 150000(or 30000)and
In respect of other deemed to be let out HP interest shall be allowed without any limit,
-- provided
. the person is owner of the HP and
. the person pays the interest or interest accrues to him.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is any professional CA is here please reply
- Reopen of assessment proceeding
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Putting a heading on received mail
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Gift Received from nonblood relative
- EPF FULL & FINAL RULES IN 2026
- Rental income gst and it purpose
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Reprocessing of rectification order AY 2025-26
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
