01 August 2013
HI CA CLUB FAMILY, MY QUERY IS REGARDING CLAIMING INTEREST ON HOUSE PROPERTY. I NEED TO CLAIM 168300 AS INTEREST ON SELF OCCUPIED PROPERTY,IN 168300 1.5 LAC IS CURRENT YEAR AND 18300 INTEREST IS PRE CONSTRUCTION PERIOD INTEREST,BUT IN FILLING ITR 2 IT IS TAKING ONLY 150000,IT IS NOT ALLOWING 18300,SO WHERE SHOULD I ENTER 18300 AMOUNT IN ITR 2.
01 August 2013
As per the section 24(b) interest on housing loan deduction allowable maximum of Rs.1,50,000 for self occupied property including prior period interest if any.