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Interest on House Building Loan

This query is : Resolved 

10 February 2011 Respected Experts
The Limit of Rs 150000 for house property interest - is it applicable for every house Rs 150000 or altogather, for any no of houses.
Again, whether there is any interest allowance limit for the properties which are let out & rental income is comming from such property
Thanks
Debashis Mandal

10 February 2011 All together maximum amount limit is Rs. 1.50 lakhs.

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Guest

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Guest (Expert)
10 February 2011 Limit is provided for the person and not for buildings.


06 November 2021 For rented properties, total interest paid is allowed for deduction.



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