Query regarding the Income Tax rebate on Housing loan
This query is : Resolved
03 July 2022
I raised a housing loan for an Apartment, bought as a joint owner (70% share) in 2009 and claimed the Exemption from Interest component till 2015 when I cleared the outstanding loan. The property is self-occupied at the moment.
In the meantime, I bought another apartment as a joint owner (70% share), with a housing loan in 2021. Both the properties are not rented. Can I claim the exemption in the interest component on the Housing loan for this second property after indicating it as self-occupied?
In the meantime, I bought another apartment as a joint owner (70% share), with a housing loan in 2021. Both the properties are not rented. Can I claim the exemption in the interest component on the Housing loan for this second property after indicating it as self-occupied?
04 July 2022
Yes, you can claim interest on second property.
07 July 2022
In addition to the above, you can claim maximum only up to 2 lakhs in the year; rest is carried forward to be adjusted under the head IFHP.
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