I would like to know about Deduction U/s 24b for Interest payment Housing Loan , if house is rented out. What is the maximum limit for deduction.
Menu
Claim Interest Payment U/s 24b
Replies (3)
Max Limit is 150000/-.....!
there is no limit, in case house is let out(rented out).
In case, the property is self occupied, then the limit is Rs. 30000 for repair and renewal etc
and Rs. 150000 in case of purchase of house property (subject to some conditions)
agree with sumit
Recent Topic
- Input tax credit under igst under insurance compan
- ITR Form to be used
- CGAS account Holder Deceased
- ITR form suggestion
- Post office KVP income.
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
Related Topics
CAclubindia
