Interest on loan for house property (house property head)
This query is : Resolved
10 May 2013
Good evening everyone,
I just wanted to know, if I have a let out house and i am indebted to a housing loan on it and Interest on loan during the year is Rs. 200,000/- then how much exemption will be available to me u/s 24 of income tax act?
I just wanted to know, if I have a let out house and i am indebted to a housing loan on it and Interest on loan during the year is Rs. 200,000/- then how much exemption will be available to me u/s 24 of income tax act?
Guest
Guest
(Expert)
10 May 2013
if it is let out by you and its income from let out is charged under HP. then entire amount of interest can be claimed. no ceiling limit is apply
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