HOUSE PROPERTY

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student
73 Points Posted on 31 May 2020
Case
I took loan for purchasing a house property for self occupation after 1 April 1999 on loan whose annual interest is rupees 180000. in 2018 into another loan for repair of my house property with annual interest of 45000.

Query
now will I be able to take the claim of 180000 + rupees 30000 under section 24 or will it be 2 lakh in aggregate?
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On 31 May 2020 at 12:49 Report
Replies (2)
Quick Summary
This discussion concerns claiming deductions on home loan interest for a self-occupied property. The user took a loan after April 1999 for purchase and another in 2018 for repairs. They are seeking clarification on whether they can claim the full ₹180,000 interest from the purchase loan plus ₹30,000 from the repair loan, or if the total deduction is capped at an aggregate of ₹200,000 under Section 24.

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295 Points Posted on 31 May 2020
2 lkh
1 Reply
On 31 May 2020 at 15:09
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12244 Points Posted on 01 June 2020
In aggregate it's 200000 lakhs
1 Reply
On 01 June 2020 at 01:31

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