DEDUCTION ON INTEREST ON HOUSING LOAN…

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DEDUCTION ON INTEREST ON HOUSING LOAN…

HELLO TEAM,WHAT IS THE MAXIMUM DEDUCTION LIMIT OF INTEREST ON LOAN TAKEN FOR RESIDENTIAL HOUSE AND I HAVE LET IT OUT AND HAVE MORE THAN TWO PROPERTY

Profile photo of komal sahu Asked By: komal sahu 1 replies 1 helpful answers Last Updated: 8 months, 1 week ago
  • Profile photo of komal sahukomal sahu
    Participant

    HELLO TEAM,WHAT IS THE MAXIMUM DEDUCTION LIMIT OF INTEREST ON LOAN TAKEN FOR RESIDENTIAL HOUSE AND I HAVE LET IT OUT AND HAVE MORE THAN TWO PROPERTY

  • Profile photo of Madhuri N MarneMadhuri N Marne
    Moderator

    Hello,

    Greetings from H&R Block!

    In case of a Let Out House Property, you can claim the entire amount of Interest on Housing Loan as a deduction. There is a limit of Rs.1,50,000 for the principal amount repaid for housing loan.

    For more information, please refer: ‘ https://www.hrblock.in/guides/house-property-deductions/ ‘

    Or simply reach us on 022-30038111

    Thank You!

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