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Interest on borrowed capital u/s 24(b)

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(Querist)
28 June 2024 Can Interest be claimed on borrowed capital u/s 24(b) on let out house property up to Rs.2.00 lakhs under new Regime tax for the AY 2024-25.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
28 June 2024 Yes, it can be claimed the limit is for self occupied property only.
Claim actual interest paid.

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