Home loan interest exemption

Max limit is of Rs.200000/- cumulatibe for all house properties.

consider maximum allowable exemption on both house

it is a debatable issue

mam in case of self occupied house limit is 200000/- and for let out house, there is no limit.. m i right???

from a.y. 2018-19 it's restricted to 2 lakhs only irrespective of the nature whether it is self occupied or let out

but if intt. is exceed than it shall be carried forward from ay. 18-19

no carried forward is allowed

https://www.charteredclub.com/tax-benefit-on-home-loan/

For A.Y.2018-19 limit of Rs.200000 is for all house properties cumulatively

Refer: https://blog.cleartax.in/budget-2017-major-cut-tax-benefits-home-loan-interest-rented-property/

Read more at: /forum/second-home-loan-exemption-rule-change-from-2017-387935.asp

Visit link for further confiation

in the act it is given only property and not properties... hence in the future we are gonna have lot of interpretations in this regard

Ya i saw but it is given all house property

Rashmi mam pls refer this excerpt from section 24
Provided that in respect of property referred to in sub-section [2] of section 23, the amount of deduction shall not exceed thirty thousand rupees :

Provided further that where the property referred to in the first proviso is acquired or constructed with capital borrowed on or after the 1st day of April, 1999 and such acquisition or construction is completed within 24[five] years from the end of the financial year in which capital was borrowed, the amount of deduction under this clause shall not exceed two lakh rupees.