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Deduction of interest under house property

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(Querist)
26 January 2013 while computing income under house property whether limit of Rs 150000/- interest on loan shall be computed including previous years interest on loan which is already claimed?
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kunal

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kunal (Expert)
26 January 2013 limit of RS150000 interest is for each F/Y.
you can not claim double deduction of interest..
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CA. R. B. SAH

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CA. R. B. SAH (Expert)
26 January 2013 Kunal is right



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Pankaj Gupta

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Pankaj Gupta (Expert)
26 January 2013 You can claim a maximum deduction of 150000 each year for the respective interest paid each year.

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