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House expenses allowed both status

kollipara sundaraiah (B.com) (1600 Points)

19 October 2021  
a person it returns filed both status
1.house expenses rs:2 lacs in individual status
2.house expenses rs:1 lacs in huf status
house expenses both status allowed in it act.

 2 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (108655 Points)
Replied 19 October 2021

Its not available for house expense.

The deduction is available u/s. 24(b) for house loan interest deduction.

If both have separate houses with loans over it, then both can claim.

DRSR Dwarampudi Raja Surendra (2 Points)
Replied 20 October 2021

House expense is not allowed from house property income only the standard dedaction of 30% and interest is allowed

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