How to Use Home Loan Interest as Acquisition Cost
Mint Chennai|January 06, 2025
What to do with home loan interest
- GAUTAM NAYAK

With reasonable housing loan interest rates, many taxpayers use loans for residential property purchases. Tax laws, however, cap self-occupied property interest deductions at ₹2 lakh annually. For rented properties, the entire interest is deductible against rental income. This raises the question: Is excess interest over ₹2 lakh a loss for taxpayers, or can it be claimed in another way?

この蚘事は Mint Chennai の January 06, 2025 版に掲茉されおいたす。

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この蚘事は Mint Chennai の January 06, 2025 版に掲茉されおいたす。

7 日間の Magzter GOLD 無料トラむアルを開始しお、䜕千もの厳遞されたプレミアム ストヌリヌ、9,000 以䞊の雑誌や新聞にアクセスしおください。

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