Dear All
Mr.A has bought house property on feb-11and repayment of loan has started from mar-11. Can he claim interest and principal amount of loan in his income tax return.
Pls reply
yes interest can be claimed u/s 24 and repayment of housing loan u/s 80C
Rup Kumar
(finance manager)
(288 Points)
Replied 24 September 2011
Deduction can be claimed u/s 80C.
CAclubindia
