24b deduction

Hi..

I have one self occupied house property for which I am paying 1 lakh towards interest for a year.

now I am planning to purchase another house property with own and bank funding. please suggest me can I claim deduction of interest u/s 24b for separate of each property or its restricted to maximum Rs 2 lakh.
Replies (1)
where assessee owns more than one house property for self occupation , then any one of such property, at the option of assessee is treated as self occupied and remaining treated as deemed to be let out

RS 2,00,000 deduction only for self occupied

,you can claim deduction for any amount of interest paid for deemed to be let out property - -no restrictions

but for loss from House property can be set off against any other head to the extent of rs 2,00,000 during the same year
the unabsorbed loss is allowed to carry forward upto 8 assessment year


for further information please reply

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared

Getmyca Consultant Pvt Ltd

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
22 September 2026
Account Assistant

Chirag P Shah & Co. Chartered Accountant

Pune

B.Com

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details