Dear Sir,
I have two houses, both jointly with my wife with equal share, one is self occupied and another is let out. During the year 2013-14 I have paid Rs. 70,042/- as principal and Rs. 1,81,958/- as interest for self occupied property. And I have paid Rs. 1,22,032/- as principal and Rs. 2,82,298/- as interest for rented property. I have received as rent Rs.1,43,000/- and I have paid Rs. 16,500/- as brokerage and Rs. 5,300/- as maintenance charges for rented property and nothing is paid for self occupied property.
Pl. let me know what will be the eligible amount of deduction against principal amount as well against interest amount individually for me and for my wife for both the houses, she is also working woman.
An early reply in this regard will be highly appreciated.
Thanks & Regards
Bharat
CAclubindia
