INTEREST U/S 24(b)
This query is : Resolved
tarunjjain
(Querist)
26 July 2010
MY CLIENT HAS TAKEN LOAN ON TWO PROPERTY. THE ONE PROPERTY IS SOP AND SECOND IS LET OUT. HE PAID INTEREST OF RS. 153500 AND 130000 RESPECTIVELY.
WTAT IS AMOUNT OF INTEREST ALLOWABLE U/S 24(b)?
WTAT IS AMOUNT OF INTEREST ALLOWABLE U/S 24(b)?
CA Sanat Pyne
(Expert)
26 July 2010
Maximum limit is Rs. 150000/-
tarunjjain
(Querist)
26 July 2010
still not cleared
Aditya Maheshwari
(Expert)
26 July 2010
FOR SOP premises maximum interest allowable as deduction Rs. 150,000/-.
In repsect of let out premise deduction allowable upto interest expenses.
In repsect of let out premise deduction allowable upto interest expenses.
Murtaza I Bhagat
(Expert)
26 July 2010
agreed with adityaji,
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