https://www.taxtmi.com/forum/issue?id=1066 Deduction for pre-possession EMI interest is allowed in five equal instalments beginning when possession is obtained; this spreading rule applies to both self-occupied and let-out properties, but the overall deduction for a self-occupied house is subject to a monetary ceiling of Rs. 1,50,000 while no similar ceiling applies to let-out property. en-us Mon, 30 Mar 2009 15:52:18 +0530 Thu, 23 Jan 2025 15:58:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1066 Deduction for pre-possession EMI interest is allowed in five equal instalments beginning when possession is obtained; this spreading rule applies to both self-occupied and let-out properties, but the overall deduction for a self-occupied house is subject to a monetary ceiling of Rs. 1,50,000 while no similar ceiling applies to let-out property. Discussion-Forum Income Tax Mon, 30 Mar 2009 15:52:18 +0530 https://www.taxtmi.com/forum/issue?id=1066