Claim to interest on housing loan
This query is : Resolved
25 May 2018
Dear Experts
Good Evening
I want to know that i have taken a home loan from bank so, where do i claim the hosing loan interest in my ITR, whereas i use this house only for residence.
mean that under which section of income tax act
1. Section 24 (head of Income from House Property)
or
2. Section 80EE (newly added in Income Tax Act (amended by Finance A/c 2018)
Kindly advice me the best.
Thanks & Regards
Akash Kumar
Good Evening
I want to know that i have taken a home loan from bank so, where do i claim the hosing loan interest in my ITR, whereas i use this house only for residence.
mean that under which section of income tax act
1. Section 24 (head of Income from House Property)
or
2. Section 80EE (newly added in Income Tax Act (amended by Finance A/c 2018)
Kindly advice me the best.
Thanks & Regards
Akash Kumar
25 May 2018
1. 24(b) if 80EE(3) is not satisfied.
2. 80EE if conditions in sub sec (3) is satisfied.
2. 80EE if conditions in sub sec (3) is satisfied.
25 May 2018
Thanks for your reply
but i prefer to 24B, because interest amount of above 50000 but less than 200000
but i prefer to 24B, because interest amount of above 50000 but less than 200000
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