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Deduction for interest on borrowed capital u/s 24 (b)

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 March 2012 I am DDO in Govt PSU. An employee is claiming deduction u/s 24(b) as:
1.) 3,00,000/- on his one house on rent out 2.) 1,50,000 for second house (self occupied)
He argue there is no limit for deduction u/s 24 (b) for rent out house.

Please advise what should I do.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
13 March 2012 yes. for let out house property, interest claim u/s.24b is actual. so there is no maximum limit. actual interest as per certificate can be allowed
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