One of our employee has two houses and two separate house building construction loan , loan interest of the first house comes to Rs 1.4 lacs and the second house comes to Rs 1.3 lacs , can he get interst subsidy (beyond 1.5 lacs) against the two houses ?
Pl reply
He Can get the deduction of interest beyond 1.5 lacs if one of the property is let out
Interest limit:
Self Occupied: Maximum of Rs.1.5 lakhs
Let Out: No Limit
ADY & CO.
New Delhi
Graduate (Any)
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Abic and Mani Chartered Accountants
Kottayam
B.Com
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CCI
Pro
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