interest on deemed property
This query is : Open
Sangita Jani
(Querist)
02 August 2017
is there change in section 24 for coming interest benefit for house property
is the combined limit for owned + let out together is 2 lacs?
K Srinivas, CMA CS
(Expert)
02 August 2017
Interest on housing loan applies on each house individually. The only limit is that in case of interest on housing loan from a self occupied property is Rs.2 lacs per annum
K Srinivas, CMA CS
(Expert)
02 August 2017
In case of deemed let out property also the limit is Rs.2 lacs per amnum.
In case of let out property, the whole interest amountis eligible as deduction
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