Exemption Limit of Interest on Housing Property
This query is : Resolved
23 December 2020
Hi Sir,
What is the maximum Exemption limit for Interest on Housing Property if property is Self Occupied and Let out Property in FY 2020-21.
Please clarify
Thanks & Regards
Ratheesh
What is the maximum Exemption limit for Interest on Housing Property if property is Self Occupied and Let out Property in FY 2020-21.
Please clarify
Thanks & Regards
Ratheesh
27 December 2020
You can claim maximum deduction 200000 under section 24(b)
Message likes :
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07 January 2021
Thank you Sir for your reply.
If Property is Let out, then also Maximum Limit is 200000 ?
Thanks & Regards
Ratheesh
If Property is Let out, then also Maximum Limit is 200000 ?
Thanks & Regards
Ratheesh
02 October 2021
For let out property, there is no limit for interest deduction. But there is cap for loss adjustment from IFHP with any other income; which is 2 lakhs.
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