Interest paid for let-out property

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Kausalya J (Querist)
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05 March 2014
While computing TDS - salary, how to take the Interest paid for Let-out house property? Where should be the Income from House property (Rent) be shown? Should it be considered for salary TDS purpose?

Rupesh Jain

Rupesh Jain (Expert)
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10 March 2014 if you have let out property then
loan taken for that let out property then you can claim intt. on loan which use for purchase/buy this let out property

and you can calim w/o any limit intt. amount for that .

Rs. 150000/- limist u/s 24 for self resident property not for let out property

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Kausalya J

Kausalya J (Querist)
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10 March 2014 Thank you Mr. Rupesh Jain

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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10 March 2014 for let out property there is no limit of 150,000 and income must be shown as income from house property.

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Kausalya J

Kausalya J (Querist)
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10 March 2014
Thanks Tushar Sir.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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10 March 2014 you are welcome and u must directly asked to me any query on my profile post the link every tim when u post it in expert section...

Kausalya J

Kausalya J (Querist)
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10 March 2014
Yeah sure...you are in my FB friends list too...

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