Income from house property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 February 2014
Dear sir/Mam
I would like to know that if the property is rented out that what will be the maximun deduction of Interest on housing loan. The rental income is less than the interest paid on housing loan?
I would like to know that if the property is rented out that what will be the maximun deduction of Interest on housing loan. The rental income is less than the interest paid on housing loan?
13 February 2014
if the house is let out, then there is no limit on interest deduction. full amount shall be allowed...any interest paid in excess of rent shall be carried forward as loss.
13 February 2014
there is no limit for int deduction in case of LOP.
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