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Can I avail loan interest rebate on second property?- Property Hotline
Posted
October 28, 2016
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83
October 28, 2016
83
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2:16Now PlayingExpert: Kartik Jhaveri - Founder & Director-Transcend Consulting India Private Limited.
Question: I have purchased a flat and am availing a housing loan interest rebate. I have recently purchased a 2nd flat, will I get housing loan interest rebate on this property as well?
Answer: As per the IT Act, if you have more than one house property, then you can show one as (Self occupied property) SOP and the rest will be considered deemed to be let out. Hence in that case for a deemed (Let Out Property) LOP any amount of interest on loan can be claimed as a deduction under section 24(b).
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