Interest on house property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
04 August 2013
If the property is self occupied and all the conditions are satisfied then the maximum deduction of interest will be 1,50,000.Right?
does 1,50,000 max include the accumulated interest deduction also which is accumulated before house was purchased or constructed?
Or 150,000 is just the max for interest due or paid after construction/purchase and accumulated will be added to 1,50,000?
does 1,50,000 max include the accumulated interest deduction also which is accumulated before house was purchased or constructed?
Or 150,000 is just the max for interest due or paid after construction/purchase and accumulated will be added to 1,50,000?
CMA Ramesh Krishnan
(Expert)
04 August 2013
It is overall limit. including preconstruction period interest and current interest limit will be Rs.1.50lakhs
07 August 2013
for sop max considering various int limit is rs 1,50,000.
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