One of my client has two house properties. One is self occupied and another one is let out. He is offering rental income under income from house property. He has housing loan for both the properties. For A.Y. 2021-22, Interest on housing loan for let out property is 215000 and Interest on self occupied property is 230000. Rent income from let out property is 180000. Now, Can he claim the interest on housing loan against both the properties?
2 Replies
Kapadia Pravin
(17264 Points)
Replied 11 February 2021
Interest on SOP can be claimed to 2 lakhs that is maximum. For let out property, interest of 215000/- can be claimed as there is no prescribe ceiling limit.
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