Jagannadha Rao Kadiyala (Manager) (52 Points)
18 February 2019Sir, I am one housing loan and getting interest exempted. Can I have another housing loan and avail exemption on 2nd housing loan interest also.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160322 Points)
Replied 18 February 2019
Yes, but there is cap of 2.00 Lakhs, that is the maximum amount of interest deductible from all the house properties in a year. Any unclaimed loss is carried forward for adjustment under the same head upto next 8 years.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
