income tax return

in my opinion there is is no limit of interest deduction for let out property , however in the above case only LOP is shown in return and full interest had been claimed.

If the interest claimed for self occupied portion which is included in aggregate interest claimed is less than 2 lac , there will be no impact on tax liability, since there is always loss under SOP.

If it exceeds 2 lacs , then a notice under section 148 can be issued for excess claim for last year if assessing officer has the information about interest on loan of SOP .


Hence it is suggested to show SOP & LOP separately.