Can an assessee can claim interest on borrowed capital u/s 24 if the property is let out? Ifso, what is the amount ? Whether it is Rs.150000/- or more?
Also can a salaried assessee can cliam HRA and Interest on borrowed capital simultaneously?
Thanks in advance
INTEREST ON BORROWING CAPITAL IN HEAD OF HOUSE PROPERTY , THERE WILL BE NO SUCH LIMIT TO CLAIM SUCH INTEREST. SO ANY ONE WHO IS RENTED THEIR HOUSE PROPERTY CAN GET UNLIMITED CLAIM OF INTEREST.
THAT INTEREST LIMIT APPLICABLE ON ONLY OWN HOUSE PROPERTY. NOT ON RENTED PROPERTY.
AND NO ONE CLAIM SIMONTANIOUISLY EXAMPTION.SUCH
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