Interest on House Building Loan
This query is : Resolved
Debashis Mandal
(Querist)
10 February 2011
Respected Experts
The Limit of Rs 150000 for house property interest - is it applicable for every house Rs 150000 or altogather, for any no of houses.
Again, whether there is any interest allowance limit for the properties which are let out & rental income is comming from such property
Thanks
Debashis Mandal
The Limit of Rs 150000 for house property interest - is it applicable for every house Rs 150000 or altogather, for any no of houses.
Again, whether there is any interest allowance limit for the properties which are let out & rental income is comming from such property
Thanks
Debashis Mandal
10 February 2011
All together maximum amount limit is Rs. 1.50 lakhs.
Guest
Guest
(Expert)
10 February 2011
Limit is provided for the person and not for buildings.
06 November 2021
For rented properties, total interest paid is allowed for deduction.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- EPF ECR NEW RULES Sep 17th 2026
- Issuing of delivery challan by seller of goods
- MSME disclosure and disallowance
- Transfer of Physical Stock Between Two Proprietorship Concerns
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
