Housing loan interest more than 2 lac

Is it possible to carry forward housing loan interest more than 2 lac as loss from housing property as self occupied?
Replies (9)
not possible.as act has prescribed the limit of 2lacs only
yes you can carry forward
rama can you please quote relevant section case law where it says that interest in excess if 2lacs can be c/f
Mr. Giridhar please refer section 71B
that is related to loss to be c/f. Rakesh is asking if he can c/f interest paid on home loan in excess of 2lacs during the year.
the act provides to claim interest only upto 2lacs during the year. suppose if interest paid during the year is 250000 then it can be claimed only upto 2acs and if any remaining unabsorbed out of 2lacs it will be c/f
@ Rakesh hope your query is related to the above.
I too got your point giridhar.. Thanks for enlightenment
your welcome
Thank you all for discussion my query is resolve.
thanks

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