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?
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Loss from house property is per person or per flat?
Replies (3)
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?
Yes, correct
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