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.
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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