Income from house property

You can exampt only upto 150000 u/s 24b

Thnx n Regards

VIPIN KUMAR

segregate the total interest with some estimation basis ,whichis based on ur house propety like 50:50 or 60:40...etc....................

My Suggestion is show 150000 /- interest on selfoccupied property....... and

show the remaining amount  under letout property so u can get maximum benifit................

Thanks Vipin & Srinivas for reply...

The property I was talking about is 30% let out and remaning is self occupied by the assessee. Further I hv read an order passed by an AO in the above said case wherein he has allowed Rs. 1,50,000 for self occupied portion and 30% [i.e. 640000*30%= 192000] is allowed as deduction for let out part. And the remaining portion of interest Rs. 298000 [i.e. 640000-150000-192000] is disllowed.

My query is whether there could any other way out to reap maximum benefit of the interest??

you already getting maximum deduction shruti otherwise no seprate deduction (ie 192000) allowed in the same house...

yeah its a fair deal try to suggest 150000 . Business Current Account