House property interest deduction


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Querist : Anonymous

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Querist : Anonymous (Querist)
09 April 2012 what is the calculation of house property interest & principal paid amount deduction..

09 April 2012 Elaborate your question???

Interest for self occupied property can be claimed till the limit of 180,000/- while principal payment can be claimed u/s 80C (80C has overall limit of 100,000 only)

09 April 2012 Interest Accrued As per the istallment schedule of the bank is available for deduction.
In case of SOP Rs.150000 is the maximum limit and in case of let out property there is no limit.

deduction of Princial amount is available in U/s 80C.

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Querist : Anonymous

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Querist : Anonymous (Querist)
09 April 2012 i want to know about the house loan interest

09 April 2012 Housing loan interest can be claimed u/s 24b till 150,000 for self occupied property.

09 April 2012 Agree with experts.

for other than sop you can claim full interest amount what you paid.


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