Section 24 of income tax act 1961

PRIYA KANANI (CHARTERED ACCOUNTANT) (127 Points)

14 April 2016  

if an assessee took a housing loan and doesn't invested any amount in property or doesn't fulfill the purpose defined under section 24 i.e. Purchase/ Construction/ Repair/ Renewal/ Reconstruction of a Residential House Property. Then assessee can claim the deduction u/s 24(interest amount) or 80C (principal amount or not?