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80c (Income Tax)

This query is : Resolved

( Author )
12 June 2012

Interest Paid on Shop Loan Rs 115000/- and Interest Paid on Home Loan is 25000/-, So my query is whether both of these will be eligible as deduction under sec 24(b)?

Dintakurthi Tirumala

( Expert )
12 June 2012

Interest on house loan only eligible under section 24(b). However interest on shop loan allowable as expenditure against Income earned from the shop.

OM SAI SRI SAI JAI JAI SAI

RAJESH CHOUDHARY

( Author )
14 September 2012

thanks for the reply sir