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
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.
Guest
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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