Menu
Second home property
If two home loans are taken then which can be claimed....first or second or both added up to claim interest rebate of Rs lakhs
Replies (4)
max 200000 lakhs under whichever property that is beneficial to the owner
Ok. Can we add the loan interests of two properties to claim 2lac amount?
yes you can. you have two properties. one of them will be assumed to be self occupied and one will be considered as deemed to be let out. maximum deduction under 24 b is 200000.
better consult an auditor for furthur details or refer section 24 of the income tax act 1961.
Recent Threads
- Company Formation for clothing business
- TDS on purchase 194Q
- Compensation for urban land acquisition
- Understanding section 269st
- CASH AS GIFT OR FD AS GIFT
- NPS Pre Maturity full exit taxation rules
- Planning to ceased a Business
- Taxation for sale and purchase of REIT shares
- PAN - AADHAR LINK
- RECONCILIATION OF GSTR 2B Vs BOOKS WITH VBA
Related Threads
CAclubindia
