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..
CMA Ramesh Krishnan
(Expert)
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
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