Ramesh Narasimhan (Accounts Officer) (65 Points)
21 July 2011What is the maximum interest amount allowed as deduction on housing loan borrowed for renovations and interiors
Sunshine
(Helping All)
(10575 Points)
Replied 21 July 2011
Hie,
u can claim any amount of dedcution in case of a let out house property or
a maximum deduction of 30000 in case of a self occupied house property coz the loan is not fr acquisition or construction of house..its fr reneval/renevation/interiors so max deduction is 30000.
CAclubindia
