One sop and one let out property
This query is : Resolved
Kishor Ashok Shinde
(Querist)
23 July 2013
I stay in mumbai in rented premises.
I have purchased one house property in karnataka and second house property in kerala.
Both the houses have been purchased by housing loan.
I haven't given these houses on rent.
Can i claim interest deduction on both the houses ?
On one H.P.limited to 1,50,000/-
and on another H.P.Loan interest 191478/- as i will have to show it as deemed to be let out propety.
I have purchased one house property in karnataka and second house property in kerala.
Both the houses have been purchased by housing loan.
I haven't given these houses on rent.
Can i claim interest deduction on both the houses ?
On one H.P.limited to 1,50,000/-
and on another H.P.Loan interest 191478/- as i will have to show it as deemed to be let out propety.
CA UMESH DULAL
(Expert)
23 July 2013
you can take one house as SOP provided you could not occupy the house due to employment/business/profession but you have to offer second house for tax as you have not rented (not due to unavailability of tenant)
In this case you can take benefit of sec 24 on both house.
In this case you can take benefit of sec 24 on both house.
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