Home loan interest
This query is : Resolved
Suresh Tambe
(Querist)
18 February 2019
in income tax- deduction limit for home loan interest?
Akshay Thakre
(Expert)
18 February 2019
Interest allowed as deduction is Rs 2 lakhs
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KAVIRAJA ADDANGADI
(Expert)
18 February 2019
Interest allowed two lakhs u/s 24
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Nilesh Gami
(Expert)
20 February 2019
maximum limit Rs. 2,000,00 for loan borrowed on or after 01.04.1999 and in case of loan borrowed before 01.04.1999, maximum limit of interest is Rs. 30,000. This is for construction or acquisition of house property.
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