Interest benefit - self occupied property

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Interest benefit - self occupied property
Query (Issue) Started By: - Rahul Bagaria Dated:- 29-3-2009 Last Reply Date:- 1-4-2009 Income Tax
Got 1 Reply
Income Tax
Can I claim interest ben .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... efit for self occupied property in 5 equal instalments post the possession of the house.This is possible for let out property but the Act is silent for self occupied property. Reply By Ravi Chopra: T .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... he Reply: Yes, you can claim the benefit of interest paid prior to possession related to that property, in five equal installments. There is no ceiling limit in case of rented property. But in case of .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... self occupied property the limit is Rs. 1.5 lakhs.
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X