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House Property Interest on Loan deeuction
A person having 4 flats already purchases a 5th house property by taking loan. Can he claim the interest deduction treating the new property as his SOP. Does he have a choice to change it to SOP.
Replies (2)
Quick Summary
Yes, he can change it.
In another words, he has option to declare any two properties as SOP, unless already rented.
I must request the querist if all the 4 houses are taken on loan basis. Then the 5th house must be taken on loan not necessarily.
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