18-November-2017
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Taxation
 
Income tax filing: Claim benefit on interest payment on second house loan of up to Rs 2 lakh
17-Jul-2017

For a second house, will I get tax benefit on the interest I am paying for the bank loan?– Sagar Guntupalli Tax benefit on repayment of interest on housing loan can be claimed on second house which would be treated as let-out or deemed to be let-out. However, from 2017-18, the maximum loss under the head “Income for House property” which can be set off against other head of income cannot exceed Rs 2,00,000. Till 2016-17, loss arising from a let out property could be set off against other head of income without any limit.How should I link my Hindu Undivided Family (HUF) PAN to Aadhaar of karta?

News Source:- http://www.financialexpress.com/economy/income-tax-filing-claim-benefit-on-interest-payment-on-second-house-loan-of-up-to-rs-2-lakh/765892/