Interest on loan of rented house

Hi I work in gurgaon and have a flat in pune which has been rented . I have taken a loan for the same Will the interst rebate limit will be 1.5 lac or its no limit ? My HR says its 1.5 Lac , if not , could you please tell me the section under which it is limitless for income tax exemption ? Regards Mayank

asked Jul 27 '11 at 09:03 by Mayank Goel 1111

For self occupied home, the limit is 1.5 lakhs but for subequent homes, there is no limit. It is as per sec 24 b.

answered Jul 27 '11 at 09:54 by Amit91 196456


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Asked: Jul 27 '11 at 09:03

Seen: 1,395 times

Last updated: Jul 27 '11 at 18:19