Rebate from it for second house


This query is : Resolved 

17 August 2011 One of my client has two houses, one is self occupied and other is rented. Can he claim exemption on the interest paid in his IT returns for the second house.

plz answer the query

17 August 2011 Against the rental income of the 2nd house, he can claim interest under section 24(b) of the IT Act,1961 with out cap.

18 August 2011 Sir, thanks for your kind reply.


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