suppose, I have two self occupied property....I am the only owner of my both properties...
I have taken loan on both the properties...
my question is....
can I avail the deduction of interest amount up to 30000/200000 on both the properties individually or I can avail aggregate amount of interest on both which does not exceed 30000/200000????
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Interest on loan and self occupied property
Replies (4)
Quick Summary
You can avail maximum 2lacs interest.
Interest on loan is subject to deduction under chapter via
You can consider upto two self occupied properties but maximum limit is 2lacs only
The maximum limit of Rs. 2 Lacs is cumulative for both the loans.
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