03 August 2009
A House which is not self occupied, let out since he is doing job outside country, for this let out house he is getting 4.5lacs as annual rent which is received by him after TDS. For that property he has taken loan of 50 lacs and its accrued interest is comes to 4.30 lacs for the financial year 2008-09. My question is, for the interest accrued on loan, how much he will get as deduction u/s.24(b)? whether he will get upto 1.5lacs? please clarify...