Query on income from house property

Subrahmanyam (AAO)     18 January 2012

 37 points

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my query is two parts 1. is interest on housing loan can be claimed for two properties if both r on letting for rent and if so, can he claim the total interest  which is inclusive of pre-possession period interest without any ceiling limit of Rs.1.5 lacs


Sandeep bansal (CA Final student)     15 February 2012

Sandeep bansal
CA Final student 
 24 points

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No, there is only one house property which can be claimed as a self occupied property in IT Act 1961 same is applicable for the interest on self occupied property.

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