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Treatmnt of intrst & prncpl paid on 2 loans for 1 h. proprty

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Sushant Mahajan

Sushant Mahajan (Querist)
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07 November 2013 If an Individual has two loans against one house property, what will be the treatment of such interest and principal repaid for income tax purposes?

Will deduction of interest and principal repaid be allowed for both the loans?

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CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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07 November 2013 https://www.caclubindia.com/experts/treatmnt-of-intrst-prncpl-paid-on-2-loans-for-1-h-proprty-1501354.asp#.Unuq8OIUN-w

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Sushant Mahajan

Sushant Mahajan (Querist)
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08 November 2013 Thank You sir.

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