banner_ad

Deduction of home loan interest

235 views 2 replies
User Avatar

Financial advisor
592 Points Posted on 01 October 2020

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 Reply Share Follow
On 01 October 2020 at 12:46 Report
Replies (2)
User Avatar

B.Com
136 Points Posted on 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
2 Reply
On 01 October 2020 at 13:03
User Avatar

Tax consultant
5895 Points Posted on 01 October 2020
You can claim interest but you have to show both
let out as well as self occupied
57 Reply
On 01 October 2020 at 14:38


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
ARTICLESHIP 02 May 2026
Accounts and Audit Assistant

Kothawade and Laddha

Thane

B.Com

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 05 May 2026
ARTICLED ASSISTANT

JS ADVISORS

New Delhi

CA Inter

View Details
Company
14 May 2026
ICSI Trainees for 21 Months and Semi-Qualified CS

CMNITY HIRE

New Delhi

Others

View Details