Deduction of interest under house property
This query is : Resolved
Ravi shekhhar
(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?
26 January 2013
limit of RS150000 interest is for each F/Y.
you can not claim double deduction of interest..
you can not claim double deduction of interest..
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CA. R. B. SAH
(Expert)
26 January 2013
Kunal is right
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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