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House property income


prashant desai   26 December 2020

prashant desai

 3 likes  187 points

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I have 2 property, 1st self occupied
2nd one is let out.

can I take benefit of both housing loan principal and interest in ITR?

avater

sudip sharma (article)     26 December 2020

sudip sharma
article 
 33 likes  612 points

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Yes but maximum deduction available for sec 24(b) for self occupied house is 200k

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Krishna Chaudhary (Accountant)     26 December 2020

Krishna Chaudhary
Accountant 
 74 likes  767 points

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Yep
for self occupied max 200000
for rented unlimited

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prashant desai   26 December 2020

prashant desai

 3 likes  187 points

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Can take benefits of both housing loan principal at the filing of ITR

avater

sudip sharma (article)     26 December 2020

sudip sharma
article 
 33 likes  612 points

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Loan principal u/s 80C and interest us 24b when income is taxable under hp whether self occupied or let out


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