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House property interest
Please help me in following:-
An assessee has paid interest on two loans on two houses he owns. The respective interest are 178900 & 157890. What shall be available deduction of interest on following conditions-
1. Both houses are self oxcupied
2. Both houses are let out
3. One house is let out n one is self occupied
House construction already finished two years back.
Replies (1)
Rs. 150,000 deduction is available per person for one financial year. You will have to find out whether the two properties are co-owned.
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