loss on house property

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  1. Salin Venugopalan

    Salin Venugopalan New Member

    It might sound silly but for clarification :-

    My friend owns a house in Hyderabad - however he stays on rent far off from his house on account of his commute to office.

    Question, can he claim loss from house property for the entire interest that he pays home loan for.
     
  2. Yatin Gandhi

    Yatin Gandhi Active Member

    Yes, Loss from House Property can be claimed and set off against income from Salaries.
     
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