tax benefits on interest of housing loan
This query is : Resolved
25 January 2010
one of my client taken housing loan and claiming interest on such housing loan.
Now he want to take loan for another house. So can he claim interest on such loan taken for another house in addition to interest on current housing loan????
Now he want to take loan for another house. So can he claim interest on such loan taken for another house in addition to interest on current housing loan????
25 January 2010
yes, there is no bar on taking more then one housing loan on more then one house.
26 January 2010
Agree with Mr.Prashant, also You need to show the income from House proerty for the another house because a person cannot claim two self occupied property in same time
29 January 2010
yes he can clime interest on new house as rented house not self occupied property
so if self occupied propery then interest allowed 150000/- only
But in case of rented property there is no limit to interest clime
so if self occupied propery then interest allowed 150000/- only
But in case of rented property there is no limit to interest clime
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
- GST rate and HSN code for sale of racing horses
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- 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
- LLP audit under companies act
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
