Pls any one reply urgent!

CA P KARTHIKA (Chartered Accountant) (715 Points)

05 June 2009  

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!