I have a Housing Loan and I am going to pay 4 Lakh as Interest in a year. And I have one house which one part is self occupied and one part I am giving for Rent (Monthly Rent 9000). So my question is how can I claim this for my TDS deduction, What is the maximum I can claim under housing loan interest both self occupied and let out property ?
11 July 2023
In the case of self-occupied property, the deduction for interest on Home Loan have a maximum limit of INR 2,00,000. Whereas in the case of a let-out property, you can claim the entire amount of interest as a deduction.
But Its not accepting more than 2 Lakh while doing TDS return and even Income Tax Web portal it's taking maximum 2 Lakh only. And I am getting below message if I add more than 2 Lakh
"Warning : Maximum Loss from House Property that can be set-off in computing income of this year is INR 2,00,000. To avail the benefit of carry forward and set off of loss, please use ITR-2"
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