House Property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 December 2010
Under what condition can a person claim deduction u/s 24(b) (ie interest on borrowed capital) of an amount exceeding Rs. 1.50 Lakhs threshold limit, as specified in the 2nd proviso to the said section, if any how possible.
17 December 2010
In all the cases maximum limit is 1.5 lakhs.
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21 December 2010
1.5 lakhs limit is only in the case of self occupied house property
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