Re: more than 1.5 L in housing loan interest
by ZAKKAS on Jan 22, 2013 05:48 PM
It's not about second or third property, it's about self-occupied and let out property. If your property in respect of which housing loan interest is paid, is let out, then there is no limit for claiming exemption amount, provided you have to show rent income against that property. However, if the property in respect of which such interest is paid, is self-occupied, then in that case, you will be eligible for exemption upto 1.5 Lacs only, be it second property or third property.
