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?
Menu
Deduction of home loan interest
Replies (2)
Quick Summary
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
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
You can claim interest but you have to show both
let out as well as self occupied
let out as well as self occupied
Recent Topics :
- NRI since March 2023 – resident savings acco
- My All-Time Top 15 Indian Web Series
- Wrong date of invoice
- Paper 6 - IBS
- Chhath Puja 2026 Dates Timing Tithi
- Tax Benefit on Second Property
- IPO application checklist: 18 rules that decide wh
- NSE IPO Price, GMP, Allotment Date and Listing
- Gst tax rate
- Cash deposited by customer
Related Topics :
CAclubindia
