80 & Sec.24 deduction of house property not let out

247 views 1 replies

Mr. A has income from house property,

Some of his property is letout for rent.

However,he acquired a new house under resedential housing loan & can he claim u/s 24 entire interest without any limit of 2lacs,as he has income from other house property.

i.e is individual assessee eligible for deduction u/s 24 without any limit on self occupied property.

However loan is taken jointly in the name of Mr.A & Mrs.A.

For 80C deduction, assessee has more than one resedential property but all covered under HP income computation either as SO or LO.

Replies (1)

The house property against which the loan is availed is relevant for the purpose. If such house is self occupied then deduction u/s 24 is limited to 2 lacs and if such house is let out, there is no limit for deduction u/s 24

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
24 June 2026
Chartered Accountant - GST & Direct Tax

APL

Mumbai

CA

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
22 June 2026
Finance Manager- Chartered Accountant

Triveni Turbine Limited

Bengaluru

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details