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INTEREST U/S 24(b)

This query is : Resolved 
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(Querist)
26 July 2010 MY CLIENT HAS TAKEN LOAN ON TWO PROPERTY. THE ONE PROPERTY IS SOP AND SECOND IS LET OUT. HE PAID INTEREST OF RS. 153500 AND 130000 RESPECTIVELY.

WTAT IS AMOUNT OF INTEREST ALLOWABLE U/S 24(b)?
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
26 July 2010 Maximum limit is Rs. 150000/-
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tarunjjain

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tarunjjain (Querist)
26 July 2010 still not cleared
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
26 July 2010 FOR SOP premises maximum interest allowable as deduction Rs. 150,000/-.

In repsect of let out premise deduction allowable upto interest expenses.
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Murtaza I Bhagat

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Murtaza I Bhagat (Expert)
26 July 2010 agreed with adityaji,

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