House property

Dear Samiksha,

 As per my knowledge, i can give my contribution to 1st query

that yes pune house prinicipal amount  can be claimed u/s 80C and interest deduction can be claimed, provided showing property as vacant

regards

BHAVIN SHETH

Dear 

1.  they can claim principal repayment upto Rs. 100000/- whether it pertains to pune or indore or both.

2. if owner resides in indore (the self occupied house) and pune house will be deemed to let out in that case assessee can claim interest deduction on self occupied house INR 150000/- u/s 24 b and for pune house he can calim unlimited interest as loss u/s 24 b

3.if owner rented out commercial properties to family members than there is no problems subject to that the receiver of rent must shown that rental income in their return of income.