I have 2 houses.
House 1 - I have let out this and get rent of 1.2 lakh every year on one house.
For House 2, i pay home loan interest of 5 lakh per year. This is self occupied
Can I show losses under Sec 24 as 3.8 lakh
Interest paid(House 2) - Income received(House 1)
5lakh - 1.2 lakh = 3.8 lakh
CAclubindia
