House Property Deduction Under Section 115BAC
This query is : Resolved
Quick Summary
06 June 2022
Sir,
I have both self Occupied and rented house property income and both are constructed by availing Housing loan. By opting taxation under new regime can I take exemption of interest on house loan repayment in case of rented house property.
I have both self Occupied and rented house property income and both are constructed by availing Housing loan. By opting taxation under new regime can I take exemption of interest on house loan repayment in case of rented house property.
CA R SEETHARAMAN
(Expert)
06 June 2022
Yes, take exemption of interest on house loan repayment in case of rented house property.
CA Rashmi Gandhi
(Expert)
06 June 2022
No exemption available in case of new regime.
CA R SEETHARAMAN
(Expert)
07 June 2022
Such interst deduction allowed.
CA Rashmi Gandhi
(Expert)
07 June 2022
Agreed with Seetharaman Sir, deduction for interest allowed but standard deduction not allowed.
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