80c deduction
This query is : Resolved
Monali Nandanwar
(Querist)
21 October 2009
Is Interest on home loan covered u/s 80c dedction?
21 October 2009
Interest of home loan is covered under section 24(b)- Income from House Property.
Only Principal amount is covered under sec 80C.
Only Principal amount is covered under sec 80C.
chetan soni
(Expert)
21 October 2009
agreed with expert.
CA SANJAY MUKHERJEE
(Expert)
21 October 2009
Agree with expert,
It's an advantage that interest can be claimed upto 1,50,000 in addition to other
deduction of 80C upto Rs. 1,00,000.
It's an advantage that interest can be claimed upto 1,50,000 in addition to other
deduction of 80C upto Rs. 1,00,000.
Aditya Maheshwari
(Expert)
21 October 2009
Yes interest on home loan allowable u/s 24 only
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