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Interest on house property

This query is : Resolved 
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(Querist)
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.
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CMA Ramesh Krishnan

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

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Rahul kumar (Querist)
14 April 2012 But i do not taken loan in cash.
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CA Kishore Tallam

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CA Kishore Tallam (Expert)
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.
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
15 April 2012 The experts have correct reply I agree with it.
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