Avail 20% discount on updated CA lectures for Dec 21 .Use Code RESULT20 !! Call : 088803-20003


Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

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 (Tax consultant)     01 October 2020

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

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Threads

Start a New Discussion

Popular Discussion

view more »

Subscribe to the latest topics :
Search Forum:

Trending Tags