Interest on house building loan

This query is : Resolved

Abhishek Roy Choudhury (Querist)
Follow

11 July 2015 Dear Sir,
what is the maximum amount which can be claimed for interest on housing loan for F.Y. 2014-15 and for the next year i.e. F.Y. 2015-16.

Please give the reply at the earliest.

Thanks in Advance,
Abhishek Roy Choudhury.

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
Follow

11 July 2015 Rs. 2,00,000/- u/s 24(b) for both FY 2014-15 & FY 2015-16.

Message likes : 1 times

CMA Gul S

CMA Gul S (Expert)
Follow

12 July 2015 Hi Abhi-

As per latest amendment its 200000 for both financial years.

Please refer this for more data points

http://taxadda.com/income-tax/house-property/deduction-of-interest-sec-24b/

Message likes : 1 times

Upgrade to CAclubindia Pro. Subscribe Now!