hi, if a loan has been taken for the construction of a house property on 1st june 1991 and yearly interest payable is Rs123000. Then how much deduction is available in the AY 11-12?whether it is30000 or Rs123000?
3 Replies
Sunshine
(Helping All)
(10575 Points)
Replied 20 July 2011
if it is a let out property then 123000,
If it is a self occ. house property then, u can claim only 30000 coz the loan was taken before 1.4.99.
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