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Interest on housing loan

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 March 2016 Interest on housing loan paid is as follows(three loans have been taken):
LicHousing Finance 450000
Icici home loan 530000
Sbi Mortage Loan 390000

Two houses let out and one is self occupied. What is the maximum amount of interest that can be claimed under sec. 24
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CA CMA CS Ram Pavan Kumar Melam

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CA CMA CS Ram Pavan Kumar Melam (Expert)
23 March 2016 Deduction towards interest on house loan in respect of a self occupied property is restricted to Rs. 2 lakhs. However, there is no such limitation in case of a let out property.
Note: Normally interest on a mortgage loan cannot be claimed u/s 24.
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