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Exemption of Interest

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(Querist)
11 January 2010 Whether deduction of interest of borrowed capital u/s 24 can be claimed on let out property. whether there is any limit on such deduction.

Is there any differece if we let out one part of house and other is self occupied
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CA Tilak Raj Sharma

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CA Tilak Raj Sharma (Expert)
11 January 2010 no limit for let out properties.
In case of sel occupied - maximum 1.50lakh.

Yes there is difference for intt. exemption as said above.
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BALASUBRAMANYA B Npro badge

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BALASUBRAMANYA B Npro badge (Expert)
11 January 2010 Yes agree with tilak sir...

no limit for let out properties, if self occupied then its 1.5lak..
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
11 January 2010 agree
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
11 January 2010 agree

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