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Eligibility of income tax exemption

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Querist : Anonymous

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Querist : Anonymous (Querist)
15 February 2016 SIR,

PLEASE LET ME KNOW THE INCOME TAX EXEMPTION LIMIT
FOR INTEREST ON LOAN TOWARDS
EXTENSION/RENOVATION OF HOUSE/FLAT

THANKS
WITH REGARD
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Suresh Ramaswamy

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Suresh Ramaswamy (Expert)
15 February 2016 In case f self occupied premises deduction of interest is restricted to Rs.1,50,000 per annum. In case the property is let out and earns rent - actual interest paid. But the loan should be from a bank, financial institution or housing finance company.
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