Interest claim on housing loan
This query is : Resolved
18 July 2014
i have to buy a house through House Financing scheme now if i let the same house for rent how much interest i can claim for taxation purpose
18 July 2014
if its for letting then full int paid actually is allowed as deduction
19 July 2014
Full interest payable per annum can be claimed as deduction.
Sampat Ji.
Section doesn't say that interest should be paid to avail deduction. The word used therein is 'payable'.
Sampat Ji.
Section doesn't say that interest should be paid to avail deduction. The word used therein is 'payable'.
20 July 2014
thanks sir for correction................
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