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HBL INTEREST

Surajit Mondal (94 Points)

06 March 2021

How much interest can be claimed under section 24

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2 Replies

Kapadia Pravin (17249 Points)
Replied 06 March 2021

Max 2 lakhs

Naveen (student) (334 Points)
Replied 06 March 2021

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

If not satisfied- max 30,000