direct tax (house property)
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 September 2010
Is deduction limit of rs. 30000/- and Rs. 150000/- of interest on loan allowed for self occupied units not for letout property and deemed letout property ?
05 September 2010
Its only for Self Occupied House Property
08 September 2010
yes, this maximum amount is applicable only in case of self occupied. in case of let out and deemed let out, there is no maximum limit, full interest paid/payable is allowed.
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