One of our clients has a house property in Bangalore however he resides in Central government allotted flat in Mumbai. He wants to claim Bangalore house as Self occupied(occupied by parents). Is it possible? The house is lying vacant. He has a loan outstanding for that house and wants to claim interest deduction. Please help
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House property query
Replies (6)
Yes , it is self occupied property & claim deduction intt. on housing loan bacause more than one house property.
no more than one house property
Yes, you can claim any one as a self occupied and another as a let out property,
However, you can claim only one property as a self occupied,
More than one property will be treated as a let out property....
Yes,can claim deduction
He can claim that house as self occupied.
yes he can can claim the house as an self occupied because employment compulsion as per the income tax act 1961
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