Regarding interest limits for housing loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 May 2015
i have bought a new house on loan now my question is what is the limit of interest payment which i can avail
11 May 2015
If it is used as self occupied property maximum interest deduction is Rs. 2 lac for AY 2015-16 onwards and in case of rented property it is equal to actual interest payment.
CA R SEETHARAMAN
(Expert)
11 May 2015
Up to Rs 2,00,000 if the house is self occupied. If rented out full interest can be claimed.
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