Interest on housing loan

This query is : Resolved 

21 December 2011 if one property having two portion, out which one portion is self occupied and another one is given for rent. Interest paid for housing loan on the same house for Rs.2,97,350/-, please clarify that exemption limit restricted to Rs.150000/- or can we take actual amount as exemption, pl. advise

thanks

21 December 2011 FOR LET OUT PORTION(RENTED PORTION ) NO LIMIT
FOR SOP PORTION LIMIT IS 150000
BUT U WILL HAVE TO BIFURCATE INTT AS PER AREA COVERED
CA MANOJ GUPTA
JODHPUR
09828510543



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