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Interest on housing loan

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Querist : Anonymous

Querist : Anonymous (Querist)

24 June 2013 I have one duplex flat, One floor (50%) I have rented out for Rs. 1.20 Lacs p.a. and One Floor I am using for self. My Interest on Housing Loan is Rs. 4.50 Lacs p.a.. Can I claim Rs.2.25 Lacs interest against rented property and Rs. 1.50 Lacs of interest against own property. I am a salaried employee and my annual salary is Rs. 9.60 Lacs p.a.. Please suggest.

TKKKKKK

TKKKKKK (Expert)
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24 June 2013 Yes, you can definitely do same treatment. and claim 1.5 lacs for self occupied house and 2.25 lacs interest for let out portion.

Querist : Anonymous

Querist : Anonymous (Querist)

24 June 2013 Thank you very much CA Tarannum for confirmation. My company CA Is not accepting the same for my tds calculation and asking for some section and case laws support for the same. Request you to please help me for this.

TKKKKKK

TKKKKKK (Expert)
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24 June 2013 I will reply you tomorrow. after finding some case laws. I am 100% sure that you can get benefit of interest for separate parts of house.

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