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House Property

Dipam Guha Thakurata (148 Points)

07 November 2017

What's the limit of house loan interest deduction for self occoupied property?

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Pardeep Garg (CA-Final Student) (801 Points)
Replied 07 November 2017

2,00,000 if loan is taken on or after 1/04/1999 & purchase/acquisition is completed within 5 years from end of financial when loan was taken.
Otherwise ₹30,000 only.

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Rahul Chhabadia (168 Points)
Replied 07 November 2017

Loan take must be used only for purchase or construction of HP to get deduction of rs 200000

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