Interest claim on housing loan

This query is : Resolved

avtar (Querist)
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18 July 2014 i have to buy a house through House Financing scheme now if i let the same house for rent how much interest i can claim for taxation purpose

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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18 July 2014 if its for letting then full int paid actually is allowed as deduction

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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19 July 2014 Full interest payable per annum can be claimed as deduction.

Sampat Ji.

Section doesn't say that interest should be paid to avail deduction. The word used therein is 'payable'.

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CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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20 July 2014 thanks sir for correction................