Interest on house property

This query is : Resolved 

13 April 2012 If house taken on instalment from builder or anyone than the interest is dedect u/s 24(b) or not from gross anual value.

13 April 2012 Interest on housing loan taken from bank or non bank, both are eligible for deduction for sec.24(b)

14 April 2012 But i do not taken loan in cash.

14 April 2012 Yes, u r eligible to claim interest uto Rs. 150,000 in case of self occupied property and if given on let out, any amount can be claimed as interest.

15 April 2012 The experts have correct reply I agree with it.


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