House Property

Save Share

This query is : Resolved

praveen (Querist)
Follow

01 January 2010 If a house self occupied for part of the p.y. and let out for part of the p.y. then how much the interest on housing loan is allowed.. whether 150000 or no ceiling limit?

CA Vanesh Nadar

CA Vanesh Nadar (Expert)
Follow

01 January 2010 Hi

There is no question of Interest Limit as the maximum amut of for interest rmains the same for SOP as well as for LOP.

With Warm Regards
With Best Wishes for the YEAR
M. Vanesh Kumar
CA Students - Expert Association

Ratan Sharma

Ratan Sharma (Expert)
Follow

01 January 2010 No ceiling. Agree with expert.

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
Follow

01 January 2010 NO CEILING

CA Ravi Sisodia

CA Ravi Sisodia (Expert)
Follow

01 January 2010 no ceiling

praveen

praveen (Querist)
Follow

02 January 2010 How it possible.. if the house is self occupied the limit of interest is 1,50,000 for a year. And let out no ceiling.. if the same house part of the year self occupied and part of the year let out means we want to calculate the interest on proportionate basis.. for self occupied separate and let out separate..

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!