Deduction of int in housing property


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Querist : Anonymous

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Querist : Anonymous (Querist)
21 May 2012 from which bank can take loan for the housing purpose ,so that repayment of the interest & principal amt will be deducted?

Rajni Kant (Expert)
21 May 2012 any nationalised bank,foreign bank or financial institutions. Interest will be deducted under Income from house property and principal repayment may be claimed under 80C.

21 May 2012 interest can be claimed for deduction under income from house property and principal claim from deduction under 80c upto Rs. 1,00,000.

21 May 2012 Agree with above expert....


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