27150 Interest on Housing Loan Let out/Deemed to be Let out House Sell-occupied House -No Limit Purpose Purchase/Construction/Repair Loan taken before 1-4-1999 Purpose: Purchase/Construction/Repairs, etc Max. Limit 3 30,000 Condition Certificate for lender Loan taken on or after 1-4-1999 Purpose Repair, etc Max Limit: 330,000 pa Condition Certificate from Purpose: Purchase/Construction Max. Limit: 32,00.000 pa. Conditions : (a) Completion within 3 years (b) Certificate from lender lender ILLUSTRATION Mr. Anil built a residential house at Hydrabad and for the completion of the house he took a loan of 3 20 Lacs from a bank as under: 1. On 1-5-2008 8,00,000 @ 10% 2. On 1-11-2009 * 8,00,000 @ 9% 3. On 1-1-2011 34,00,000 @ 8% House was completed in Oct, 2011 and since then it is occupied for the residential purposes of his family. The repaid 4,00,000 to the Bank on Ist Dec. 2014 and bank adjusted this amount against the loan of 2008. Determine the amount of deduction admissible w/s 24