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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