Interest on housing loan

This query is : Resolved

Sarthak Abhyankar (Querist)
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12 August 2013 Sir,
If a person owns two house property one is self occupied and another is let out, and both this house property was purchase on loan.
My query is if he can eligible to claim interest on both the housing loans? or he can claim interest maximum upto rs.150000/-
thanks

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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12 August 2013 You can claim the property interest on housing loan u/s.24(b)

1. Self occupied - Rs.1.50 lakhs maximum

2. Let out property - Actual interest amount