RAM LAKHAN (B.Com) (24 Points)
21 September 2015Dear Sir
I have one house and have only rented property income. I am not staying in that house.
I am paying emi for the loan taken for construction of that house.
My question is whether i can claim benefit of 80 c while payment of emi as its principal part. Please remember my house was given on rent as it was constructed
Thanks in advance
Ram Lakhan
Miss Rinkal
(Student)
(1304 Points)
Replied 21 September 2015
Yes you can very well claim 80 c deduction in case of rented property also. And interest amt payable can be claimed under income from house property u/s 24(b)
Riyaz Ahamad
(student)
(21 Points)
Replied 22 September 2015
Rashi Bajaj
(CA)
(752 Points)
Replied 22 September 2015
Agreed with all above. Deduction u/s 80C and interest u/s 24b can be claimed in respect of such property.
@ Rinkal: "Copy Rinkal" meant "Same as what Rinkal said" :)
Miss Rinkal
(Student)
(1304 Points)
Replied 22 September 2015
Prabeen Jalan
(NA)
(33 Points)
Replied 22 September 2015
yes u can calim deduction u/s 80c for the instament payment though it was let out. moreover u can also claim deduction u/s 24 for the interest component
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