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interest on housing loan

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 July 2010 Interest on housing loan is deductible upto Rs.150000. Can we claim lesser deduction ? ( deduction of Rs.20000 only as a wish to show higher income )
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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
22 July 2010 ofcourse dear, its voluntary not mandatory.
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Rahul Gupta

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Rahul Gupta (Expert)
22 July 2010 Agreed. Its voluntary not compulsory.
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