Interest on housing loan allowed
This query is : Resolved
20 February 2015
I have two house and running two houseing loan how many amount allowed towards interest on hbl. one interest paid rs.170000/- and other rs. 27800
20 February 2015
for sop the limit is 200,000 for int payment from ay15-16 onwards and for let out porperty there is no limit.
CA R SEETHARAMAN
(Expert)
20 February 2015
If both the houses are self occupied you can get interest deduction for one of the house for which you are paying Rs 1,70,000. If one house is rented out you can claim interest on both the houses fully.
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