Housing loan interest exemption
This query is : Resolved
vinod j shah
(Querist)
23 October 2012
Dear sir,
I have two house in one city.
First home loan over, where i am staying right now.
Second home loan started, which i have given on rent.
Can i claim upto 1.5 lakh or unlimited(total) interest of running loan ?
I have two house in one city.
First home loan over, where i am staying right now.
Second home loan started, which i have given on rent.
Can i claim upto 1.5 lakh or unlimited(total) interest of running loan ?
Mihir Doshi
(Expert)
23 October 2012
Dear Vinod ji,
In case of let out property, There is no cap for claiming interest on Housing Loan u/s 24b.
In case of let out property, There is no cap for claiming interest on Housing Loan u/s 24b.
23 October 2012
In respect of house property let out on hire, deduction in respect of interest on housing loan is available without any limit.
The deduction will NOT be restricted to Rs. 1,50,000.
The deduction will NOT be restricted to Rs. 1,50,000.
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