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80c deduction

This query is : Resolved 

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.

21 October 2009 agreed with 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.

21 October 2009 Yes interest on home loan allowable u/s 24 only


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