Income tax exemption against house property

413 views 2 replies

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 

Replies (2)

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


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register