Principal & int on loan benefits if home is both sop & lop
This query is : Resolved
14 April 2019
Hi,
How Principal & Interest on Housing Loan benefits under Income Tax Act if House Property is Self Occupied for Part of Financial Year & Let out for remaining Part of Financial Year
Kindly guide...
How Principal & Interest on Housing Loan benefits under Income Tax Act if House Property is Self Occupied for Part of Financial Year & Let out for remaining Part of Financial Year
Kindly guide...
CA PARAS BAFNA
(Expert)
14 April 2019
It will be deemed as let out property and interest can be claimed in full. Principal repayment deduction is limited up to Rs 150000/ U/s 80C.
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