Hi All,
Required guidance on few aspects related to House Property Income & Loan
1. Whether a person eligible to claim deduction of two housing loan interest out of which one house property is self occupied and other deemed let out
2. If co-owned housing loan but loan amount is paid only by primary holder then whether whole interest paid on housing loan can be claimed by primary owner & what about notional rent received in case of deemed let out property whether it will be bifurcated between co-owners
3. In ITR form 2 they have mentioned to add co-ownership % how that will be determined?
4. From where we can get the standard rent in order to determine notional rent for deemed let out property. Kindly share the link wherein rates or amounts are quoted for Mumbai
5. And whether we can show the total amount of housing loan interest above Rs.2,00,000 if any whether it will automatically get carry forward for next years
6. First property is in single name & second property in joint ownership then whether such property will be termed as deemed let out or not.
Kindly guide please.Thanks in Advance.
CAclubindia
