Interest on housing loan
This query is : Resolved
Sarthak Abhyankar
(Querist)
12 August 2013
Sir,
If a person owns two house property one is self occupied and another is let out, and both this house property was purchase on loan.
My query is if he can eligible to claim interest on both the housing loans? or he can claim interest maximum upto rs.150000/-
thanks
If a person owns two house property one is self occupied and another is let out, and both this house property was purchase on loan.
My query is if he can eligible to claim interest on both the housing loans? or he can claim interest maximum upto rs.150000/-
thanks
CMA Ramesh Krishnan
(Expert)
12 August 2013
You can claim the property interest on housing loan u/s.24(b)
1. Self occupied - Rs.1.50 lakhs maximum
2. Let out property - Actual interest amount
1. Self occupied - Rs.1.50 lakhs maximum
2. Let out property - Actual interest amount
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