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negative income from house property
Interest on home loan has been reduced to 2L from FY 17-18.what about those whose int component has pre-emi and emi interest both and total exceeding 2L?
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The cap of 2 lakhs has been fixed for the total income (loss) from head house property....... which includes interest paid as EMI and for pre EMI, for single or multiple house properties. Any excess above 2 lakhs which is not allowed to adjust against any other incomes in same year, is allowed to be carried forward for adjustment against income from HP upto next 8 years.
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