House Property

in case of let out property you can claim whole amount of interest paid. the limit of 150000 is only in case of self occupied property.

in a let out house property u can claim any amount of dedcution u/s 24 b without any prescibed limit.......

agree with above ,you can take interest benefit on let out property

there is no limit for interest on let out house property...such limit is only for self occupied

For let out property the limit of deduction u/s 24(b) is unlimited amount of interest. The limit of Rs.150000 is applicable for self-occupied property only.

If a property is acquired or constructed out of loan borrowed on or after 1-4-1999 and such construction or acquisition is completed within 3 years from the end of the financial year in which such loan is borrowed, the deduction limit for interest paid on such loan is Rs. 1,50,000 instead of Rs. 30,000. The prescribed ceiling of Rs. 30,000 or Rs. 1,50,000, as the case may be, is applicable only in case of self-occupied property and the same does not apply to a let-out property. The maximum deduction allowed under Section 24(b) for an SOP is Rs. 1,50,000.