Tax benefits on Loss from house property has been reduced to 2 lacks. This 2 lacks limit is for per person or per flat. Like if I have 3 flats and I am paying 2 lacks of interest per flat after subtracting the rent, then will I get tax benefit of 6 lacks or 2 lacks?
Its total loss allowed from House property head, it may be from single or multiple house properties.
So tax benifit in above case would be 2 lacks and not 6 lacks, is that corret?
T R SOOD & CO
New Delhi
CA Inter
View Details
R P S K & Associates
Nashik
CA Inter
View Details
Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
View Details
CAclubindia
