Tax deducted at source

This query is : Resolved

MOHAMMED ASIF (Querist)
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05 June 2014 AM AN ACCOUNTANT OF A PRIVATE LIMITED COMPANY , WHILE PAYING SALARY TO A STAFF MEMBER & DEDUCTING TDS ON SALARY HE PROVIDED ME THE DETAILS OF INTEREST ON HOUSE LOAN ON TWO HOUSES WHICH ARE FAR 400 KMS TO EACH OTHER.

MY QUESTION
SHOULD I CONSIDER BOTH THE INTEREST PAID AMOUNT ON HOUSING LOAN OR ONLY ON ONE ?

Amol S Joglekar

Amol S Joglekar (Expert)
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05 June 2014 you can consider both provided.....one house can be claimed as self occupied and the loss is restricted to 150,000 etc.... for the second one...get the details from the employee duly signed and verified... as to the fair rental value of the second flat etc..the loss, if any, in this case can not be negative....it can be at the most NIL