Deducion u/s 24b
This query is : Open
28 August 2016
A home loan is running against a house property and aprx one third part of the property is let out and other part is self occupied. As per law the if a property is let out then total interest on the loan is claimable as deduction u/s 24b of income tax act. Now the rental income is less than the total ineterst paid on loan. Now will the law applicable here to claim full deduction of interest paid or not?
28 August 2016
interest can be claimed without limit.
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