12 September 2008
author : Pravin Kulkarni Posted On : 9/12/2008 7:47:48 PM Property buy and let out on rent for commercial purpose. Rent Income treated as Income from House Property. Is it correct ?
Total Interest Paid on borrowed capital is allowed from house property income or limit of Rs. 150000
Expert : Jitender Posted On : 9/12/2008 10:13:52 PM limit is 150000 u/s 24.
Answer: If The Property is Let-Out There is No limit For Claiming Deduction of Interest.
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