Deductions for HP
This query is : Resolved
CA Sandhya S
(Querist)
24 July 2008
In case of a construction of a house property, the maximum limit upto which interest deduction can be claimed is Rs.1,50,000/-. Is this inclusive of PRE EMI Interest
24 July 2008
Yes, the limit of Rs 150000 as given in section 24(b) is the overall limit and includes Pre EMI Interest as allowable under the relavant clause.
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