House property

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Yajuvendra Rawat (Querist)
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27 June 2014 Dear Sir's and friends,

One of my client has a Self Occupied House Property for which he pays loan to a bank, in this situation he can claim his interest upto 1,50,000/-, he has bought a second flat and even for this flat he pays loan, my question is can he can claim total interest 2 lacs u/s 24B for this flat which is also on rent. Please help and solve my query as per the earliest.

Nikhil Kaushik

Nikhil Kaushik (Expert)
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28 June 2014 for the first flat the limit will continue at 1.5 lakhs...interest paid for the second rented out flat shall be deductible without any limit

Rupesh Jain

Rupesh Jain (Expert)
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28 June 2014 on residential house claim intt amount upto Rs. 150000/-

and for let out house you can claim intt paid against this property and amount restriction is not allowed.

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