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Kamal Verma (Financial advisor)     01 October 2020

Deduction of home loan interest

Dear expert,

Can an assessee claim deduction for whole interest paid on home loan if only one room has been let out during previous year?



 2 Replies

vinayak landge

vinayak landge (B.Com)     01 October 2020

If the loan is taken for house property as a whole, then interest deduction will be available proportionately i.e. the area given on rent and area self occupied

in case of let out portionthere is no limit for interest deduction and

in case of self occupied portion upto rs. 200000 can be claimed
ayusmita

ayusmita (Tax consultant)     01 October 2020

You can claim interest but you have to show both
let out as well as self occupied

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