Maximum limit of Deduction of Housing Loan Interest

Tax queries 1408 views 3 replies

What is the mamimum limit of deduction of housing loan interest

Replies (3)

If loan taken for :

construction - 150000

rennovation or repair - 30000

in the case of self occupied-

If loan taken for :

construction - 150000

rennovation or repair - 30000

in case of let out --

for construction -- the actual amount of interest . i.e no limit

and for rennovation & repair -- 30000

Where the property is acquired or construction is completed on or after 01.04.1999 - Rs. 150,000 otherwise Rs. 30,000


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