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
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- F & O PROFIT REPORTING FOR AY 2026-27
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Traces submitting correction statement error
- Difference in GSTR3B system generated which is correct and actual Payment it asks
- GST ON TRAVELLING BILLS
- Consequences of Non-Deduction of TDS under Income Tax???????????????
- Residential status of non resident
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
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
