Hi any body clarify me that Deduction under section 24(b) is allowed as Interest on loan for house property with ceilings!
For a self occupied property the restrictions of the ceiling limits to claim deduction is Rs. 150000 or 30000 are there!
1. Can the assessee claim the same deductions for a let out House property?
2.Is the limits in deductions like 150000 or 30000 are applicable
3. Or the assessee can claim the actual interest on due or accrual basis irrespective of the limit!
Any body clarify soon!