Income from house property
This query is : Resolved
13 December 2012
If an individual has taken Housing Loan for self occupied property then he will be allowed deduction of Rs. 150000/- now he is reconstructing the same house and bringing addition loan will he be allowed deduction of Rs. 150000/- over it also???
13 December 2012
Hi,
NO deduction is allowed over Rs.1.50 lacs. You can deduct upto Rs.1.50 L for multiple loan taken.
Thanks//Vaibhav
NO deduction is allowed over Rs.1.50 lacs. You can deduct upto Rs.1.50 L for multiple loan taken.
Thanks//Vaibhav
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