Offset interest on let out flat.
This query is : Resolved
Quick Summary
06 December 2021
if flat is let out to tenant , and person is paying emi on home loan for that flat,is the max limit to offset that interest only 2 lakhs? which form should be used if more can be offset currently using itr1.
CA R SEETHARAMAN
(Expert)
06 December 2021
In case of let out property no ceiling on interest payment.
File ITR 1 as let out property full interest is allowed.
File ITR 1 as let out property full interest is allowed.
CA R SEETHARAMAN
(Expert)
13 December 2021
Software problem file ITR 2 in such a case.
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