https://www.taxtmi.com/forum/issue?id=2058 No prohibition exists on claiming interest on a fresh housing loan used to construct additional floors of an existing house; interest attributable to that loan is deductible as housing loan interest. If the property is let out, the full interest may be claimed against income from house property; if the property is self-occupied, the interest deduction is subject to the statutory ceiling applicable to self-occupied house property and limited to that prescribed limit. en-us Wed, 14 Jul 2010 15:52:50 +0530 Thu, 23 Jan 2025 15:58:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2058 No prohibition exists on claiming interest on a fresh housing loan used to construct additional floors of an existing house; interest attributable to that loan is deductible as housing loan interest. If the property is let out, the full interest may be claimed against income from house property; if the property is self-occupied, the interest deduction is subject to the statutory ceiling applicable to self-occupied house property and limited to that prescribed limit. Discussion-Forum Income Tax Wed, 14 Jul 2010 15:52:50 +0530 https://www.taxtmi.com/forum/issue?id=2058