House Property
This query is : Resolved
01 January 2010
If a house self occupied for part of the p.y. and let out for part of the p.y. then how much the interest on housing loan is allowed.. whether 150000 or no ceiling limit?
CA Vanesh Nadar
(Expert)
01 January 2010
Hi
There is no question of Interest Limit as the maximum amut of for interest rmains the same for SOP as well as for LOP.
With Warm Regards
With Best Wishes for the YEAR
M. Vanesh Kumar
CA Students - Expert Association
There is no question of Interest Limit as the maximum amut of for interest rmains the same for SOP as well as for LOP.
With Warm Regards
With Best Wishes for the YEAR
M. Vanesh Kumar
CA Students - Expert Association
Ratan Sharma
(Expert)
01 January 2010
No ceiling. Agree with expert.
CMA Ramesh Krishnan
(Expert)
01 January 2010
NO CEILING
CA Ravi Sisodia
(Expert)
01 January 2010
no ceiling
02 January 2010
How it possible.. if the house is self occupied the limit of interest is 1,50,000 for a year. And let out no ceiling.. if the same house part of the year self occupied and part of the year let out means we want to calculate the interest on proportionate basis.. for self occupied separate and let out separate..
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