Income Tax Benefit for Non self occupied property - No Limit

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  1. S.SRIRAM

    S.SRIRAM New Member

    I want to understand what is meant by No Limit.

    I currently own a house purchased on loan and i am occupying this house. I intend to buy another house in a different location and would like to know whether i can claim Income tax benefity for the entire interest paid against this 2nd home loan.
     
    Rahul likes this.
  2. rudrabose

    rudrabose Active Member

    Yes, your interpretation is right.

    No Limit means that for the 2nd house - you can claim the entire amount of interest as deduction under section 24
     
  3. kaustubh niphadkar

    kaustubh niphadkar New Member

    the property may be shown as deemed to be let out for this purpose
     
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