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Interest u/s 24(b)

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 February 2012 IS INTEREST ON MORTGAGE LOAN CAN BE CLAIMED U/S 24(b) OF I.T.ACT,1961 AND WHAT IS THE LIMIT OF CLAIM FOR LET OUT PROPERTY?

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Guest (Expert)
27 February 2012 There is no limit on deduction of interest in case of let out property. The condition is the interest accrued for the specific year can be claimed in that year itself.

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 February 2012 BUT SIR IS IT AVAILABLE ON '"MORTGAGE LOAN"?


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Guest

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28 February 2012 Yes interest can be claimed on mortgage loan also.



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