80 c claim
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
08 July 2013
Sir,
I have purchase the New House for August 2012. i got loan for bank Rs.14 lahks, The EMI was Rs. 14250 Now , i file the income tax for Asst.Year 2013-14. I have some confussion,To claim U/s 80 C The housing loan EMI amount ie. Rs. 14250* 7 months or Housing loan interest paid amount which i take to claim under sec 80 C.
I claim full EMI Amount or
Only Interest paid amount.. for housing loan.
Thank u..
I have purchase the New House for August 2012. i got loan for bank Rs.14 lahks, The EMI was Rs. 14250 Now , i file the income tax for Asst.Year 2013-14. I have some confussion,To claim U/s 80 C The housing loan EMI amount ie. Rs. 14250* 7 months or Housing loan interest paid amount which i take to claim under sec 80 C.
I claim full EMI Amount or
Only Interest paid amount.. for housing loan.
Thank u..
08 July 2013
Collect the certificate from the bankers. n that clearly mentioned the principal & interest amount. principal amount you can claim under 80C subject to maximum of Rs. 1 lakh.
Interest amount can be claimed under u/s.24b, subject to maximum of Rs.1.50 lakh for self occupied and actual for let out property
Interest amount can be claimed under u/s.24b, subject to maximum of Rs.1.50 lakh for self occupied and actual for let out property
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Supply through E-commerce Operators
- TAN for Partnership
- Relief u/s Section 89
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Loan by Partnership Firm
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
