Income from house property

House 1:-
loan to construct house 10,00,000 ;
loan obtained on 1 April,2015 ;
house construction on 1 June,2019 ;
rate of interest 10%.

House 2:-
loan to construct house 1,00,000 ;
loan obtained on 1 April,2016 ;
house construction on 1 January,2017 ;
rate of interest 10%.
Replies (5)
Quick Summary
This discussion clarifies the tax treatment for income generated from house properties, particularly concerning home loan interest deductions. It addresses scenarios where properties are not self-occupied and explores how rental income is calculated and taxed. The conversation aims to provide a comprehensive understanding of the relevant tax rules.

Whether both the houses are self occupied?
Not self occupied
So please elaborate. What is the amount of rent?
What is your exact query ?
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