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 question: house expenses both status allowed in it act.
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This discussion clarifies whether house expenses can be claimed under both individual and HUF status according to the IT Act. While specific 'house expenses' aren't directly deductible, the focus is on claiming deductions for home loan interest under Section 24(b). If separate properties with loans are owned, interest can be claimed for each. However, only a standard 30% deduction and interest are allowed against house property income, not general house expenses.