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maximum amount of rebate for housing loan interest paid under sections 24B, 71(3a) and 80EE
pl clarify 2 lac rebate can be claimed under sec 24(b) and another 2 lac under loss of income under house property sec 71(3a) total of 4 lacs during FY 201718..and remaining interest can be c/f for next year. .total housing loan interest paid 4.75 lacs. .part is self occupied and part is letout. .
Replies (6)
though your residence partly let out and partly self occupied, it will be deemed as let out through out the year. if you have carried forward your house property loss for previous a.y. the same can be claimed under 71(3a)
Sir Pl clarify..FOR LET OUT PROPERTY. whether all .interest paid can be claimed in fy 2017-18?
yes you can claim...
As per FY 2017-18 ..i. e for AY 2018-19, there's a cap of 2 Lakh for letout property also. .So my querry is for claiming total 4 lacks rebate under sections 24(b) and section 71(3a) respectively for self occupied part and letout part of the house. .ITdept FAQs clarified that a part letout and part self occupied house is deemed to be independent properties. .
where it's given that cap for let out property is 2 lakhs
Sir Till last year there was no cap for loss of income under house property. .But for AY 2018-19 the limit is 2 Lacks. .some write ups it is informed that the limit is wef 01.04.2018..
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