Interest allowable on self occupied property
This query is : Resolved
20 June 2013
Deduction of Int of Rs.150000 in case of Self Occupied property is only for one year or till the completion of loan repayment.?
CMA Ramesh Krishnan
(Expert)
20 June 2013
It is yearly deduction u/s.24b. you can deduct yearly Rs.1.50 lakh or actual interest which ever is less for self occupied property
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