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Tax treatment hp

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(Querist)
10 February 2016 taken loan 50 lakh and paid interest 2 lakh interest 2nd case wothout loan purchase hp at 50 lakh plz gv tax implication
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KAVIRAJA ADDANGADI

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KAVIRAJA ADDANGADI (Expert)
10 February 2016 if you have taken Housing loan if it is SOP than Interest can be claimed upto 2 Lakhs u/s 24B , Principal Upto 1.5 Lakh U/s 80C, i it is let out property there is no ceiling Limit for Interest Payment .

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