Interest rate exemption for let out house property
This query is : Resolved
11 February 2013
I have bought one house in chennai. As it was self occupied, I have been getting the total interest paid (Rs 1,25,000) towards the home loan as tax exemption. Now I have been shifted to Bangalore. I have let out the property for Rs 5,000 pm as rent (Rs 60,000 pa). I would like to know how much interest amount paid towards home loan will be considered for exemption. Please explain with example.
11 February 2013
there is no limit for interest deduction for let out property
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