Entire interest on home loan is allowed as deduction ..??

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Priyanka Kataria (Delhi) (Querist)
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22 June 2015 In case your property is Let Out or when you have more than one self occupied property and one or more of your property is considered Deemed to be Let Out – the entire Interest is allowed as a deduction from the Rental of the property.

I have read somewhere above article is it correct or not Please advice

Nikhil Kaushik

Nikhil Kaushik (Expert)
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22 June 2015 you have to deduct interest from the GVA for each property separately. For rented out or deemed let out properties, the full interest will be allowed. However, even with other properties being rented out, the self occupied property will be eligible for Rs 200000 limit only.

Priyanka Kataria (Delhi)

Priyanka Kataria (Delhi) (Querist)
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22 June 2015 Thanks for the info..!!

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