Deduction of interest on borrowed capital for purchasing a house property .

This discussion explores how to deduct interest paid on a home loan when you also have rental income and salary income. The user is seeking clarification on the maximum admissible deduction under the Income Tax Act. Key questions revolve around whether the full interest paid, a portion limited by rental income, or a specific amount after other deductions is claimable. The advice suggests correctly filling the House Property (HP) schedule to account for the net income and interest claim.