banner_ad

Housing Loan Interest on Addl Constuction of Self Occupied

This query is : Resolved 
Profile Image

Profile Image

(Querist)
26 March 2008
Dear Profeesionals

I would like clarify on Housing Loan Interest

1. Interest paid by an assessee on Loan borrowed for additional Construction of Self Occupied Property in addition to the previous Loan Interest?

2. Is there any Limit for Such additional Interest?

Reply expected at the earliest
Profile Image

CA Shailesh +91 9393926464

Profile Image

CA Shailesh +91 9393926464 (Expert)
26 March 2008 Int on loan borrowed for construction is allowed as deduction, whether it is for new house or for existing house. The limit is Rs.150000 in case of Self-occupied property. And no limit in case of let out
Profile Image

Jitender Garg

Profile Image

Jitender Garg (Expert)
26 March 2008 If Loan taken after 1/4/99 for reconstruction of house- Maximum limit is Rs30000
Profile Image

Jitender Garg

Profile Image

Jitender Garg (Expert)
26 March 2008 As per sec 23(2)(a)
Profile Image

CA. Kirti S. Ganatra

Profile Image

CA. Kirti S. Ganatra (Expert)
26 March 2008 Refer section 24 and Sec 80C
Profile Image

CA Shailesh +91 9393926464

Profile Image

CA Shailesh +91 9393926464 (Expert)
26 March 2008 In my opinion the additional construction is diff from reconstruction
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
04 May 2026
Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details
Company
ARTICLESHIP 05 May 2026
ARTICLED ASSISTANT

JS ADVISORS

New Delhi

CA Inter

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details