Second and Third Home loan TAX incentive

Forums Budget 2017 Second and Third Home loan TAX incentive

Second and Third Home loan TAX incentive

Budget 2017 rules out tax Incentive for Second hole loan beyond 2 lakhs. What about third Home loan?

Profile photo of kailash Asked By: kailash 1 replies 1 helpful answers Last Updated: 3 months, 2 weeks ago
  • Profile photo of kailashkailash
    Participant

    Budget 2017 rules out tax Incentive for Second hole loan beyond 2 lakhs. What about third Home loan?

  • Profile photo of Neha JoshiNeha Joshi
    Moderator

    Loss for all the houses put together can be adjusted maximum to the extent of Rs.2L in a year against income from other heads of income.
     No loss under the head house property is allowed to be adjusted beyond 2L in one financial year

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