Housing loan deduction

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Sonal

Sonal (Querist)
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11 March 2015 whether interest on loan of the second property can b claimed as deduction?
what is limit for that?
first

Sonal

Sonal (Querist)
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11 March 2015 first property loan has already be cleared.if the second property is under construction since when deduction will b available.
suppose possession letter is received in the month of march then deduction is available for the month of march only or for the full year?

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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11 March 2015 for 1 sop the limit for claiming int on loan is 150,000 on acquistion for same and rs 30,000 for int on loan for repairing.

but no limit for let out property

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Sonal

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12 March 2015 whether pre occupied interest cab b claimed in case of let out property for next 5 years

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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12 March 2015 http://taxguru.in/income-tax/double-benefit-taxes-housing-loan.html

all about pre consturction interest.