Claim of housing loan interest on partly let out property

2979 views 2 replies

I own a Duplex Flat which has two floors with separate entry for each floor. I let out one floor of the property for the rent of 1,20,000 p.a.. My Housing Loan interest is Rs. 4,50,000 p.a.. Can I claim 50% of Loan under section 24 (b) as an interest for partly let our property and Rs. 1,50,000 as interest for self occupied property both. considering I am a salaried employee. (If there is some case law to claim both please share).

Replies (2)

Yes you can do that because U/C IHP computation has to be done on unit basis, even if part of the property is let out then computation is done for that also

I Am totaly agree with my Friend Z, Calculation is Unitwise, You can Claim 50% Interst on Let out Portion & Rs 150,000/- on Self Occupied Portion

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
24 June 2026
Senior Account (VA Client Operations)

Karbon Business

Bengaluru

CA Inter

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details
Company
20 June 2026
Chartered Accountant

ANV & Company

New Delhi

CA

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 08 July 2026
Articles

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
ARTICLESHIP 30 June 2026
2 posts Article assistant and Articleship completed students

Chirag N Shah & Associates

Mumbai

CA Inter

View Details