Housing loan
This query is : Resolved
22 January 2015
I have constructed house by taking loan, now i want to construct one more floor to same house by taking loan, whether i can claim income tax exemption on both loans ?
22 January 2015
yes very much allowed as its "consturction" so allowed
22 January 2015
CONTINUOUS WITH SAME QUESTION MY PREVIOUS HOUSING LOAN INTEREST IS 82999/- AND FOR CURRENT CONSTRUCTED HOUSE INTEREST IS 119804/-, THEN HOW MUCH AMOUNT I CAN CLAIM FOR INCOME TAX DEDUCTION ?
22 January 2015
if both are for self occupied then there is ceiling of rs 200000 int u/s 24b
Rupesh Jain
(Expert)
23 January 2015
you self occupied limit u/s 24(b) is rs.200000/-
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