Interest on housing loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 July 2015
I have taken a housing loan in fy 14-15 from 3 sources in december 14.The total interest payable by me for all three loans put together works out to 125000/- in fy 14-15.Can i claim a deduction under sec 24 of 200000/- or only 125000/- .Pl advise
16 July 2015
You can not claim more than actual interest. So you can claim Rs 1.25 Lacs only.
Deduction available is actual or Rs 2 Lacs whichever is lower.
Deduction available is actual or Rs 2 Lacs whichever is lower.
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