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Direct Taxation

If an assesse have 2 house property, can he claim sec 24(b) deduction â?¹2,00,000 on both? In total will he get 4,00,000 deduction?

Christeena Ambel

CA Inter

★ 5K+

14-Nov-21 08:12

557

Answers (8)

Depends on self occupied or let out

CA Suraj Lakhotia

Admin

14-Nov-21 08:34

2 self occupied.. Let out don't have any limit na sir?

Thread Starter

Christeena Ambel

CA Inter

★ 5K+

14-Nov-21 08:50

Thread Starter

Christeena Ambel

2 self occupied.. Let out don't have any limit na sir?

Let out does not have limit.

CA Suraj Lakhotia

Admin

14-Nov-21 11:11

CA Suraj Lakhotia Admin

Let out does not have limit.

Sir my doubt is, If an assesse has 2 self occupied property, Will he get sec 24 deduction 2,00,000 for each ie, 4,00,000 in total. Or Will he get 2,00,000 in total only?

Thread Starter

Christeena Ambel

CA Inter

★ 5K+

14-Nov-21 11:13

No he will get aggregate of 200000 only for Both the Self occupied houses i.e 200000 only

Kumar G

CA Final

★ 12K+

14-Nov-21 13:09

Kumar G

No he will get aggregate of 200000 only for Both the Self occupied houses i.e 200000 only

Can you please give me your source of reference

Thread Starter

Christeena Ambel

CA Inter

★ 5K+

14-Nov-21 23:55

Thread Starter

Christeena Ambel

Can you please give me your source of reference

You can refer to Sec 24.

CA Suraj Lakhotia

Admin

15-Nov-21 07:07

Thanks

Thread Starter

Christeena Ambel

CA Inter

★ 5K+

15-Nov-21 21:57