What is the mamimum limit of deduction of housing loan interest
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Maximum 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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