interest on deemed property

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Sangita Jani (Querist)
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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

K Srinivas, CMA CS (Expert)
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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

K Srinivas, CMA CS (Expert)
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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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