Let out property - full interest even if it exceeds 2 lacs. After setting off with ur house Rent income, if there is still any interest remaining, u can max take 2 lacs out of remaining interest available
Self occupied property If loan is taken after 01.04.1999 & loan is taken for purchase or construction of house property & if taken for construction, it is completed within 5 yrs from the end of the year in which loan is taken. If all these are satisfied - max 2 lacs
CAclubindia
