Limit of interest in tax cutting for homeloan
This query is : Resolved
26 November 2013
plz give reference/ section no for deducting interest with limit for homeloan also guidelines for interest raised due to car loan
CA PARAS BAFNA
(Expert)
26 November 2013
Section 24, Limit for Home Loan Interest deduction 150000 or interest payable which ever is less (in case of SOP), In case of let out property -Actual Interest Payable on loan.
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Interest raised due to car loan -
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Terms are not clear.
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Interest raised due to car loan -
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Terms are not clear.
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