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House Property

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 December 2010 Under what condition can a person claim deduction u/s 24(b) (ie interest on borrowed capital) of an amount exceeding Rs. 1.50 Lakhs threshold limit, as specified in the 2nd proviso to the said section, if any how possible.
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
17 December 2010 In all the cases maximum limit is 1.5 lakhs.
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AMAN Gupta

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AMAN Gupta (Expert)
21 December 2010 1.5 lakhs limit is only in the case of self occupied house property
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