It for first house: rented
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 November 2014
Hi,
I have recently bought my first house, but I have given it on rent as it is far from where I work.
I live in the same city in a rented accommodation.
Can I claim the deduction of interest (housing loan) paid for this apartment? Is there a limit on the interest that I can deduct while filing ITR?
At most of the places in this forum, there is clear answer for a second house that you have rented. Does the same apply for the first house too?
I have recently bought my first house, but I have given it on rent as it is far from where I work.
I live in the same city in a rented accommodation.
Can I claim the deduction of interest (housing loan) paid for this apartment? Is there a limit on the interest that I can deduct while filing ITR?
At most of the places in this forum, there is clear answer for a second house that you have rented. Does the same apply for the first house too?
26 November 2014
int on loan can be claimed if actually paid by u during the year and for lop there is no int limit for claiming dedcution
Rupesh Jain
(Expert)
28 November 2014
you can file rented income and claim intt. w/o any limit.
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