India House Property for NRI & Interest on Home Loan
(1) If me & my wife are US Citizen (PIO) or Non-resident in India and if we have 2 house properties in USA and 3 house properties in India ? Am i liable to file tax return in India only for 3 house properties of India (one as self occupied and others as let out or deemed to be let out) and my US House Properties are not considered for it , ……………… am I correct ? …..
(2) Can the deduction of interest of home loan be taken separately in each property (without the limit of number of properties) if financed through home loan ? Suppose , if we have bought these three house properties on home loan from different banks , can we take Interest on Home Loan deduction from each property separately when 1st House Property is self-occupied , 2nd property is let out and 3rd property is deemed to be let out ?