Treatmnt of intrst & prncpl paid on 2 loans for 1 h. proprty
This query is : Resolved
Sushant Mahajan
(Querist)
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?
Please reply.
Will deduction of interest and principal repaid be allowed for both the loans?
Please reply.
CMA Ramesh Krishnan
(Expert)
07 November 2013
https://www.caclubindia.com/experts/treatmnt-of-intrst-prncpl-paid-on-2-loans-for-1-h-proprty-1501354.asp#.Unuq8OIUN-w
Message likes :
1 times
Sushant Mahajan
(Querist)
08 November 2013
Thank You sir.
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
- Depreciation Chart Companies Act
- EPF ECR NEW FILE SEP 17TH 2026
- Capital Gail Exemption Certificate
- Oct 2025 Invoices
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- Capitalgain tax purposes for valuation report compulsory
- Under marginal scheme
- GST on Renting godown to KFCSC for Storage of Raagi
- TAX AUDIT ON PROFESSIONAL INCOME
- Import of Software Service.
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- 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?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
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
